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
24.5¢ |
Change
-0.025(9.26%) |
Mkt cap ! $46.29M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 24.5¢ | $135.5K | 536.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 285274 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 100000 | 2 |
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| Last trade - 15.41pm 13/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
-0.025 ( 5.70 %) |
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| Open | High | Low | Volume | ||
| 26.0¢ | 26.5¢ | 25.0¢ | 275181 | ||
| Last updated 14.28pm 13/05/2024 ? | |||||
| MTC (ASX) Chart |