Since they are not buying the entire company, the share price will not accurately reflect the cash in the bank. In Canada, there are some companies selling for less than cash in the bank - Unbelievable yes but true. If they get $100 million in the bank, in Canada investors would assign a market cap of $80 million - Let's hope the Australians are a bit more willing to bid up the price. If not, I see a max stock price of $.38-$.40. Hope I'm wrong.
stateside
Since they are not buying the entire company, the share price...
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Last
$1.58 |
Change
0.155(10.9%) |
Mkt cap ! $612.6M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.58 | $1.45 | $5.999M | 3.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31744 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 12530 | 3 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |