Yep. What a dogs breakfast. Minerva are willing to pay $18.5 mil for 17.9% where as $18.5 mill is 57% of our current total market cap ( at 16.5 c ).
Just goes to show what happens when shareholders loose trust in their director after a questionable transaction.
If anyone was to offer a 30c per share takeover with no restrictions I reckon they’d pick up most of retails shares at this point and have a very handy blocking stake. That’s how bad things have got in 1 week. We were expecting better than TMFs offer as a minimum ( considering it was rejected as too low ) and now I think most of us would be happy to get 30c to get out and avoid any other unusual transactions.
GLTAHs
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14.5¢

Ann: Update on Substantial Shareholder Transaction, page-64
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Last
14.5¢ |
Change
0.015(11.5%) |
Mkt cap ! $30.26M |
Open | High | Low | Value | Volume |
13.0¢ | 14.5¢ | 13.0¢ | $4.435K | 34K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8888 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 118807 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8888 | 0.135 |
1 | 6522 | 0.130 |
1 | 15000 | 0.125 |
2 | 29200 | 0.120 |
1 | 10000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 118807 | 4 |
0.150 | 50000 | 1 |
0.155 | 35745 | 1 |
0.195 | 1250 | 1 |
0.200 | 129500 | 2 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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MTC (ASX) Chart |