I disagree on your statement “a discount was required”.
There’s only 30% out of the control of the top 20. If there was any new big guy that wanted in (and I’m sure there is according to everyone on here suggesting a TO) they would have had to push the SP up to take a sizeable stake. So where are those institutions and why weren’t they prepared to pay a premium for a generous stake in this new offer to take a position?
As others have said, this was a gift to the big boys. Having a chance for the punters to buy on market at the same price is not an argument because it happened by default as a result of this low ball issue which should never have happened in the first place if there are suitors clamouring for what we have. So which is it?
I disagree on your statement “a discount was required”.There’s...
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Last
50.0¢ |
Change
0.010(2.04%) |
Mkt cap ! $247.4M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 51.0¢ | 49.0¢ | $485.6K | 974.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15000 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 22143 | 2 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
50.0¢ |
Change
0.010 ( 2.52 %) |
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| Open | High | Low | Volume | ||
| 49.5¢ | 50.5¢ | 49.0¢ | 64593 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| CTM (ASX) Chart |