I'm certainly no expert on how the market operates and the limitations it operates under, but it feels to me that this is possibly tactical in a sense that it's a way for them to assist a preferred substantial holder to get on board to fend off the whif of a potential hostile takeover bid without significant dilution and without needing the top 20 to let go of holdings to achieve that?
Because it's pretty obvious that the top 20 are pretty tight fisted with their shares...even if the top 25 apparently isn't according to some.
The extra drill money is just a bonus.
Again the above is just a hunch and highly likely wrong as I don't really know the regulatory process or legality of these things.
I'm certainly no expert on how the market operates and the...
-
- There are more pages in this discussion • 187 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
71.5¢ |
Change
-0.060(7.74%) |
Mkt cap ! $143.7M | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 79.5¢ | 70.5¢ | $1.559M | 2.127M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25563 | 71.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.5¢ | 3600 | 1 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |