"The EganStreet Share price could trade below the implied value of the Offer if the Offer is not successful and no alternative proposal emerges The Offer provides you with the opportunity to realise attractive value for all your EganStreet Shares. If the Offer is not successful (and there is no other offer available for your EganStreet Shares), the EganStreet Share price may decline below the value implied by the Offer especially given the historical trading range ($0.20-$0.25) of EganStreet Shares over the last 12 month period prior to the Announcement Date (see Section 1.1(b) above). "
Why would the share price drop back in that range when gold price is at 2200 aud?
EGA Price at posting:
29.5¢ Sentiment: Hold Disclosure: Not Held
