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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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $60.80M |
Open | High | Low | Value | Volume |
11.0¢ | 12.5¢ | 11.0¢ | $518.0K | 4.475M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 1573785 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.115 |
7 | 472031 | 0.110 |
11 | 947628 | 0.105 |
25 | 1490999 | 0.100 |
2 | 20000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 1573785 | 9 |
0.130 | 254710 | 7 |
0.135 | 293280 | 3 |
0.140 | 225541 | 3 |
0.145 | 344396 | 6 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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GLN (ASX) Chart |