ARL 2.30% 44.5¢ ardea resources limited

Cobalt prices seen rising sharply as deficit balloons, page-68

  1. 2 Posts.
    It seems that quite a few other shareholders are concerned about these sellers that are forcing the share price down. As a member of the so called 92 group I am quite concerned. The big players in the Cobalt market are now attempting to lock in supplies. I can only make an educated guess that someone is attempting to hold the price around the $1.40 mark or less. At $1.26 I did manage to pick up some more shares. At this price a potential "company buy out" offer could be as low as $200,000,000 which is far too low. A serious offer should be $500,000,000. If such an offer should take place, are the company executives allowed to accept, or would they have a general meeting, of shareholders, to vote on the proposal?
 
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44.5¢
Change
0.010(2.30%)
Mkt cap ! $88.85M
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44.0¢ 45.5¢ 43.5¢ $47.41K 106.0K

Buyers (Bids)

No. Vol. Price($)
1 26306 44.5¢
 

Sellers (Offers)

Price($) Vol. No.
46.0¢ 20000 1
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