I agree with Tiapain that value lies between, 20-40c but it will never get there.
In terms of what I think is likely to happen I will restate my post from last week and preface it by saying AGC is the single largest individual shareholder, he has been buying while others have been selling, he has intimate industryknowledge and experience, and almost ceraintly has lonmg standing relationships with many of the key players in this saga ( e.g. DV) :
"ACG has a 6.45% stake in the company ( as last disclosed) and as best I can estimate his average is no lower than between 10.5-11cps.
If there is a cash takeover ( which personally I doubt) I can't see it happening at level that doesn't get him out with some profit ( i.e at least low to mid teens).
Personally I think any deal, if it happens, will be much more "stuctured"."
I agree with Tiapain that value lies between, 20-40c but it will...
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $68.54M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.5¢ | 21.5¢ | $46.14K | 206.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 130676 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 19533 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NXS (ASX) Chart |