Would expect a market sale of the shares either to fund managers or perhaps just sell them over time on market. Can't see why another mining service co would want to buy the shares unless they were wanting to buy those and then make a take over offer. Could offer 50% premium say 16 or 17c and I'm sure some fund managers would be happy to accept but like you said there's not a lot of money out there. That would be best scenario but quite the gamble to buy now hoping for a takeover and the premium rather than the fall in price due to over supply of shares on the market.
Would expect a market sale of the shares either to fund managers...
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Last
37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $808.1M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 37.5¢ | $176.4K | 468.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 65000 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 71906 | 4 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| MAH (ASX) Chart |