BHP can dust it off as much as they want for as long as they want but I doubt that they will get hold of the keys at POS.
It is clear that AF is interested in developing nickel assets and I am sure that his plan, whatever it is, does not include selling off his stake in POS. His blocking stake, which could be easily and quickly increased, is a key to any takeover activity.
However, a ruthless and cheeky, yet serious, bid for POS from BHP imo would be a good thing as it would:
- Get the SP up to reasonable levels about of the repetitive rut that it is tracking through,
- Clear a lot of the cr@p activity from manipulators out of the POS SP pipes,
- Give the BOD the wake up call that it needs to extract the digit the get a move on, and
- Put BMM into a position where they need to consider their longer term plans and come out of the grass here i.e. put up or shut up.
My thoughts only on a number of possible scenarios here. DYOR.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.85M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $10.92K | 2.214M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
92 | 68827004 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 16655883 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
92 | 68827461 | 0.004 |
37 | 38392259 | 0.003 |
19 | 33550475 | 0.002 |
18 | 24600201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 16655883 | 31 |
0.006 | 28597180 | 19 |
0.007 | 39840883 | 41 |
0.008 | 6829072 | 15 |
0.009 | 4338007 | 13 |
Last trade - 15.53pm 11/07/2024 (20 minute delay) ? |
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POS (ASX) Chart |