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?).
Farjoy could well be aiming for 10% as a blocking tactic against...
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 53.5¢ | 52.0¢ | $17.03K | 32.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10069 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 22471 | 1 |
View Market Depth
| Last trade - 15.03pm 05/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |