I can imagine they would scoop up shares as cheap on market as they can...but eventually they'll run out. And I don't think they'll get the % required of shareholders to agree to a takeover after that point, too many would be locked up by people who know the potential and wanna take the educated punt.
That's kinda what I was getting at in my earlier post sorry if I did not word it well.
Red Metal Banter, page-425
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $34.46M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $41.92K | 380.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 128022 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 356781 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RDM (ASX) Chart |