Just spit-balling an thought....
We've had 6 teams in the data room for months now.
Have they not royally F'd Up? I ask?
They could have lobbed a bid at $1.30 ish. That is $1.00 plus 30% premium.
Now we are up at 1.50, plus 30% premium it's going to cost them a lot more as the bid will be the $2.00 region now and possibly more in the coming months, I would not expect a first bid below 3.50, but then the bidding fight begins!
So "if" they are looking at a TO or JV, they need to get their poo in a pile sooner rather than later. Not that I'm in a rush by any means.
Just my ramblings.....
$?Bill in a ? Life mine, page-23141
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Last
77.5¢ |
Change
-0.035(4.32%) |
Mkt cap ! $118.8M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 82.0¢ | 77.5¢ | $116.1K | 146.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6043 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 2086 | 4 |
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| Last trade - 14.56pm 17/09/2024 (20 minute delay) ? |
| HCH (ASX) Chart |