LCL lcl resources limited

Once the prospective buyer got access to the dataroom, DD would...

  1. 605 Posts.
    lightbulb Created with Sketch. 294
    Once the prospective buyer got access to the dataroom, DD would take anywhere around 3 to 5 weeks, assuming they have a mutual understanding of the deal with the board. Based on the fact that the announcement of the offer was hidden on the 5th page of a trenching exploration update (no TH, no separate price sensitive announcement), I don't have high hopes for a decent deal. My gut feel says it's probably a low-ball offer by a Chinese entity somewhere in the middle of a single digit million range, but I could be wrong here. We would probably get an answer by the end of next week though.

    Good luck everyone, I think we need quite a lot of it after the abysmal performance of this stock.

    Last edited by csadeev: 27/11/24
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.6¢
Change
0.000(0.00%)
Mkt cap ! $7.195M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
3 314809 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 6860751 7
View Market Depth
Last trade - 16.21pm 25/07/2025 (20 minute delay) ?
LCL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.