John I believe that min res cannot go above a 19.9% holding unless they formally announce an offer price to take over the company. The $1.50 target getting to only 40% would be that there would not be many takers and the price would continue higher than $1.50.
if min res offered $1.50 per share they then cannot purchase above that price on market, I believe that would be the assumption of an increase to only 40%.
If I was MinRes …, page-20
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Last
31.5¢ |
Change
-0.005(1.56%) |
Mkt cap ! $380.0M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.0¢ | 30.5¢ | $1.245M | 4.001M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19705 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 78278 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WC8 (ASX) Chart |