It's going to be very interesting to see what transpires over the next week.
We have a couple of major shareholders who between them have $16m tied up in this company. They've now had 2 months to determine whether to accept the 33c or not.
So with Xinyang buying on market, you would think that if they were going to accept the offer, then they would sell on market asap and free up their $16m. I mean why would you tie up that amount of cash for another 2 to 3 months for no reason.
IMO if they do not sell on-market within the next week, then it's likly they will be rejecting the offer.
I say lets do to Xinyang as what they've done to others.
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.838M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 519371 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 2560 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 519371 | 0.006 |
2 | 800000 | 0.005 |
1 | 400000 | 0.004 |
1 | 450000 | 0.003 |
2 | 1254002 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 2560 | 2 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
ACS (ASX) Chart |
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