I think what they are saying is s640(1) is meant for insiders acquiring more than 20% and making a TO offer. In that case the insider might know more about the value than the outsiders and therefore an independent expert may be needed for transparency.
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BUT
as the company extract, has NOT RELEASED ANY information on drilling or ANYTHING for at LEAST 8 MONTHS,
we the share holders who paid for the drilling cannot know the full value of the company
and therefore cannot hold out or even suggest a fair and reasonable price for our stock/shares
in this situation a fair and reasonable thing to do, so that the directors appear to be fair, reasonable and helping the share holders, who pay their wages, would be to call for a independent expert's review of the company and then release the details to the market and share holders
IMO, I would think, then again I could or would be wrong, maybe
I think what they are saying is s640(1) is meant for insiders...
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $17.69M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $186.5K | 16.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1839866 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 5957042 | 4 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| EXT (ASX) Chart |