Why is it assumed companies of this size would do exhaustive DD over a $15m investment? Are they likely to spend $1.5m on advisors in respect of a $15m investment?
I would just as soon assume they treat the investment as a minor one, with the risk of losing the whole investment justifiable given the potential upside.
Not suggesting the investment did involve some level of due diligence - it must have. And it is somewhat of a vote of confidence. Just not sure a $15m investment proves that Stellanis has a high level of confidence or has minutely scrutinised the project. More likely they’re taking a number of small stakes in various strategic suppliers and hoping a few of them make it.
Why is it assumed companies of this size would do exhaustive DD...
Add E25 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $54.38M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 23.5¢ | $68.02K | 281.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27090 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 63955 | 2 |
View Market Depth
| Last trade - 15.57pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
24.5¢ |
Change
-0.010 ( 2.00 %) |
||||
| Open | High | Low | Volume | ||
| 25.5¢ | 25.5¢ | 23.5¢ | 28162 | ||
| Last updated 15.52pm 26/04/2024 ? | |||||
| E25 (ASX) Chart |