Because they actually have to PAY $ NOW for on market shares they buy, where as an off market bid like they are doing they get to decide what they want to do i.e. go with 50%+ if they get it or walk away if they don't with no cost to them i.e. no $ is changing hands until the 90% condition is satisfied & they get to decide if they want to vary that. They have the a lot of the game stacked to their advantage at present.
Traded vol is getting very small also, that makes getting any meaningful % on market difficult now.
Because they actually have to PAY $ NOW for on market shares...
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Last
85.3¢ |
Change
-0.028(3.13%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 86.8¢ | 85.0¢ | $68.72K | 80.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 2424 | 1 |
View Market Depth
| Last trade - 15.46pm 11/10/2024 (20 minute delay) ? |
| NDO (ASX) Chart |