The only thing I can come up with for Stone still buying CRE is that it is an attempt to stop FML reaching 75% shareholding where it has full Board control of CRE.
To reach 75% FML may have to convert some of its convertible notes, which may give it less flexibility in dealing with an associate company (CRE).
Think Recyug has been doing the number crunching, so he may be seeing something the rest of us have missed.
The only thing I can come up with for Stone still buying CRE is...
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Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 132799 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 4616 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FML (ASX) Chart |