I agree, this may cause some short term price weakness, but I would prefer to be holding this one myself for the longer term.
I would be surprised if many really expected an offer from Cape. Given that they couldnt give a reasonable offer when the SP was under 90c. With the SP recently hovering around the 1.10 mark and the increased value of the Aus dollar, a reasonable would have been much more expensive than earlier.
Hence I think the SP had little takeover premium built in. Once the short term traders are out and holders are focusing on the long term value, I think we will see the price quickly rebound.
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Last
76.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $75.04M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 127 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.5¢ | 1577 | 2 |
View Market Depth
| Last trade - 16.21pm 29/07/2025 (20 minute delay) ? |
| PCG (ASX) Chart |
Day chart unavailable