Share price is irrelevant to a take over offer here.
If WDS decide to take over it will be a set dollar amount offered. SP won't enter into it.
They might go early and offer a lower amount and carry all the risk.
They might wait on drill results, if they are a hit, it costs more.
If they are a duster, it is a set back but by no means the end. There will be multiple targets identified.
If we do go the way of funding 2nd drill, a higher SP helps us to raise funds if need be, again doesn't really concern WDS.
Share price is irrelevant to a take over offer here. If WDS...
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Last
2.4¢ |
Change
-0.003(11.1%) |
Mkt cap ! $193.6M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.7¢ | 2.4¢ | $1.197M | 47.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 6669647 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 800000 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
2.5¢ |
Change
-0.003 ( 7.41 %) |
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| Open | High | Low | Volume | ||
| 2.5¢ | 2.7¢ | 2.4¢ | 22863076 | ||
| Last updated 15.56pm 26/04/2024 ? | |||||
| PCL (ASX) Chart |