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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 (20min delay)
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Last
83.0¢ |
Change
0.010(1.22%) |
Mkt cap ! $189.2M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 83.0¢ | 82.0¢ | $43.03K | 52.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 537 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 6617 | 1 |
View Market Depth
| Last trade - 15.41pm 10/09/2024 (20 minute delay) ? |
| NDO (ASX) Chart |