One could surmise that the price RWL paid (0.85) was determined months ago as part of a strategic business plan and that the EMC price is being keep at a reasonable level until the merger is complete.
That or new buyers are simply waiting for the merger to complete to ensure there's no surprises in the new FY. There may also be a little downward pressure from people locking in tax losses if they brought in Oct-Nov last year.
Any way you see it come August onward things should heat up significantly.
Fortune favors the bold, hold the line.
GLTA
G$
One could surmise that the price RWL paid (0.85) was determined...
-
- There are more pages in this discussion • 2,194 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FLC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.7¢ |
Change
-0.003(3.00%) |
Mkt cap ! $104.8M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.7¢ | $27.32K | 275.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14999 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 15.15pm 02/08/2024 (20 minute delay) ? |
| FLC (ASX) Chart |