Just thinking 'outside of the box' as it were, in my experience, it is also quite common for 'speccies' to do <15% CR to 'bolster' their current cash-position and clearly demonstrate to any 'circling vultures' that that a 'low-ball bid' will not be accepted...
Who knows what happens behind 'closed' doors, 'informal' offer-discussions happen all the time, proceedings only have to be 'released' if they become formal...
See how it plays out Tue AM I guess...
ML
Ann: Trading Halt, page-42
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Last
57.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.67M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 59.0¢ | 57.0¢ | $43.21K | 74.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11657 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 5000 | 1 |
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| Last trade - 15.59pm 21/06/2024 (20 minute delay) ? |
| IIQ (ASX) Chart |