this is 110% correct companies are always not for sale until are.
Ltr did exactly the same didn't disclose even the first couple of non binding bids until it reached a level they felt was in the range of acceptable.
my concern is two fold the deal looks cheap for such a resource the premium is tiny and based on long term lows - using the 30 day weighted average when everyone know the sector is challenged, and the other issue is the all script offer of PLS the offer is already 10% less than we thought it would be because pls shares are well below the 2.85 the offer was based on
this is 110% correct companies are always not for sale until...
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Last
17.5¢ |
Change
-0.010(5.41%) |
Mkt cap ! $489.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 17.0¢ | $5.736M | 32.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12927 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 1085860 | 12 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |