I agree with you that this first offer hasn't gone down well with the market. The fall in the SP proves that. I was just trying to make the point that as far as I can see, management's whole idea was to revert back to lithium and as such, to have the greatest chance of success they'd be wise to retain as large a sum of money as possible. It actually looks a retrograde step right now, though, with the lithium sector currently in a poor state, whereas gold is riding high. Hopefully they'll receive some better offers for Sturec.
Ann: Trans Metal Submits Offer to Acquire Sturec Gold Mine, page-28
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Last
20.5¢ |
Change
-0.010(4.65%) |
Mkt cap ! $40.30M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.5¢ | $43.35K | 208.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 36082 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 41204 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MTC (ASX) Chart |