Chifeng full takeover, what's next ?
Normally you would think they would start buying on market once it's clear the TMF offer is too low and won't be accepted , but in our case 80% of the shares are held by Top20 ( most likely not able to trade because of director insider trading laws ), so they wouldn't want to increase the shareprice too much , which would also make a rise in any takeover price
So, there are really only a total of 40,000,000 shares available to trade...
Chifeng would need another +20,000,0000 shares at least just to get to 20%
Chifeng, if they were thinking of making a 60c starting bid should buy up to 35-40c, but then if they did this the 60c bid wouldn't look as juicy..
Chifeng, if they were Like TIE Chinese takeover buyers, would actually want the shareprice lower to make a 60c bid much more attractive...
Interesting times...
I don't think they would want to stuff around too long if they are a Gold bull and think Gold's going higher either....
( One thing is for sure, a shareholder 3 months ago asked Gino if he thought MTC was worth $1 and his answer was absolutely !.... and that was when Gold was $2,300 )
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Chifeng full takeover, what's next ?Normally you would think...
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $30.51M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $24.32K | 155.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 222245 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 92780 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 222245 | 0.155 |
2 | 70000 | 0.150 |
3 | 55000 | 0.145 |
2 | 25100 | 0.140 |
1 | 75000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 92780 | 2 |
0.170 | 60600 | 1 |
0.185 | 43695 | 1 |
0.190 | 7500 | 1 |
0.195 | 25000 | 1 |
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