Meanwhile, I repeat, if the offer is way too low then expect a higher offer. Market forces.
Patprice, you are spot on there. If there is no higher offer from anyone then that means only one thing. The 30 cents offered is too high for anyone else to top. (Vale, RIO whoever). Put it another way. If the offer is lowball then the counter offers will start flooding in. If not, the offer isn't lowball. If the shareholders reject the offer then that's it, I'm afraid. For FMS it's game over. The share price would sink to below 10c and then slowly, ever so slowly all the way back to 1 cent. The reason? Virtually zero prospects of rail/funding/production under this management. They have clearly indicated this by immediately recommending the MMK offer in the absence of a higher one.
i will be voting 'yes', page-40
Add RHK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.19 |
Change
0.365(44.5%) |
Mkt cap ! $235.7M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.20 | $1.18 | $1.029M | 870.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 229782 | 12 |
View Market Depth
| Last trade - 16.10pm 28/01/2025 (20 minute delay) ? |
| RHK (ASX) Chart |