Thanks, mate.
For newbies running the ruler over this mob, the real question is: Do I believe a deal will come for Maronan? or/ What is the probability of a deal?
Impossible to quantify, and no one has ever pretended that this is anything more than a swing for the fences type situation. Call it a leap of faith. Same goes for those holding. If you believe a deal will eventuate, then buying or holding at these prices (when the company still has a sub-30m MC) is a no-brainer in the event that a trading halt announcement drops. Any potential deal is going to be worth multiples of our current MC. $300m for Golden Grove. Really?
What we do know (with certainty) is that interested parties have and continue to approach the company about Maronan. It all comes down to price then. As potential suitors are required to sign non-disclosure agreements before being able to access the full financial projections, there is simply no way of us knowing what sort of price the company has placed on Maronan. As you rightly said, we have to place our trust in management to achieve the best possible deal for shareholders. Knowing Rob, I have no doubt whatsoever that we are in good hands.
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Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $34.46M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 11.5¢ | $45.44K | 370.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 410749 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 313243 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 410749 | 0.115 |
13 | 898748 | 0.110 |
5 | 373523 | 0.105 |
15 | 1105259 | 0.100 |
1 | 200000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 313243 | 2 |
0.125 | 55384 | 2 |
0.130 | 10276 | 1 |
0.135 | 218148 | 3 |
0.140 | 181117 | 2 |
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