Let's entertain this hypothesis.....
put urself in the buyers shoes....they want a bargain....simple t/O=price premium...hmmmm doesn't sit well....instead, drill, drain the kitty, they're only committed to 70% of the costs, so why fund 100%?? As our cash erodes, sp will trend lower in the absence of news and then pounce before solid news when shareholder sentiment is low....
thats what I would do.....with POO heading south, no news for a few months, what's the rush??
MAY Takeover, partial sale. or buy in, page-5
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $45.47K | 2.160M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 958880 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 2883849 | 11 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |