You think CAN will be a target with Aurora owning almost a quarter of the company and having full control over the design and construction of the CAN facility? Another player trying to swoop in now is unrealistic, Aurora have this locked down. Anyone else would have to pay an unreasonable price to get enough votes on side, and the maths just won’t work out.
An Aurora takeover is likely in 4-6 months, though they may choose to remain a strategic partner long term if the ROI isn’t there at the SP they’d have to pay. Those are really the only two plausible outcomes at this juncture.
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $17.74M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 3.9¢ | 3.7¢ | $3.023K | 78.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 308137 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 166529 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| CAN (ASX) Chart |