Takeovers are done at a 21 day VWAP plus normally a 30% goodwill any takeover will be around the 75c mark.
Last closing price means nothing FW could off offloaded his whole holding on Friday and dropped the price to 1c and then said hey I'll give you 5c that's a 400% increase on last closing price everyone will be happy with that's.No that's not how it works otherwise this situation would happen every week.
Think about.
People get to caught up with the emotions that get thrown around on a site like this.
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Not Held
