Farjoy could well be aiming for 10% as a blocking tactic against compulsory T/O once the bidder gains 90%.
They would then be in a strong position to extract top dollar in the bidding process.
Then again, if they were to sell privately to the bidder at say $2, then a general T/O offer lobbed at $1 - what would we then think of our "friend" Farjoy (or would we ever know?).
Less than 1%, page-21
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Last
49.8¢ |
Change
0.008(1.53%) |
Mkt cap ! $45.97M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $30.11K | 60.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26546 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 16813 | 1 |
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| Last trade - 15.43pm 05/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |