I doubt it mate,
185% of a company is far too large a position to take for a 'trade' ie get the best price as you put it, there must be serious long term value for them to take so much
So I would say Bell Potter = Vote of confidence in FNT,
In any event, given how spec FNT is what do you reckon Bell Potter were expecting as a profit? 100% 200% 300%
If you do your research you'll see that Bell Potter always find extremely undervalued assets,
Take a look at MTN, Bell Potter were one of the few brokers that supported them back at 65c, others questioned value of the deposit at Mt Gee,
Sound familiar? Kodu
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Last
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Change
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Mkt cap ! $10.99M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 3689950 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 16222075 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 3689950 | 0.004 |
53 | 63261241 | 0.003 |
33 | 33783999 | 0.002 |
10 | 54290000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 16222075 | 24 |
0.006 | 16082873 | 15 |
0.007 | 9409791 | 14 |
0.008 | 6399027 | 7 |
0.009 | 2312047 | 8 |
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