Just some mad rambling, I'd say any POTENTIAL bid would be priced at roughly a 40% premium to the 30 day VWAP, which if they manipulate to 28c, gives an indicative bid in the region of 40c per share
Too low for me, but given a revised bid or two, we might see 50c as a final bid
Cheers
market cap, shareprice etc, page-18
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