With the information so far, no one can really make much of a judgement about the offer itself.
Interesting things of note: MetalsX has confirmed that they've made an offer and are 'negotiating'. Seems to be a disclosure gap from GLN somewhere there - even if they don't like the offer they should be informing shareholders.
The other thing is that within 5 minutes of that AFR article coming out 11,701,392 shares were bought and at about the 15 minute mark 18.9m had changed hands. On a day when the market was a sea of red it's unlikely that the buying was coming from a multitude of directions IMO.
Interesting to see how this pans out. MetalsX doesn't think it's over, even if JP showing them the hand.
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13.5¢ |
Change
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Mkt cap ! $77.48M |
Open | High | Low | Value | Volume |
13.5¢ | 13.8¢ | 13.0¢ | $82.49K | 611.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 982573 | 13.0¢ |
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Price($) | Vol. | No. |
---|---|---|
13.5¢ | 250890 | 5 |
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16 | 753538 | 0.130 |
16 | 910929 | 0.125 |
26 | 1136177 | 0.120 |
11 | 3763087 | 0.115 |
28 | 1969713 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 25000 | 1 |
0.140 | 471523 | 10 |
0.145 | 580253 | 9 |
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