I dont think you can guarantee a drop in price if they let the offer lapse.
We now know that they will be back because they have to have it. We know they are willing to pay 1.3c as a starting bid. Also if you look at the action in all iron ore stocks since this bid was launched you will see a 100% gain in many of them.
If the price drops...where to? .7c ? where it was prior to bid? zero improvement in share price over these months?
.9c 1.1c? why sell for those prices if the bid lapses?
I know i will buy more and sell them to Todd at 5c later.
cheers contra
Monday, page-3
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83.5¢ |
Change
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Mkt cap ! $167.8M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 6161 | 81.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 29996 | 1 |
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