walliska
the share swap isn't going to succeed.
so at some stage FAS will have to get serious and make a cash offer - the longer FAS delays it the better as GWR's share price, moving in opposite direction to FAS's, will also be helped by
1. imminent iron ore price rise (40%)
2. Resource upgrade.
And given the offer will have to be at least 1.5 x GWR's prevailing share price.
that's a big debt for FAS to take on board - unless you're
saying that FAS has $300 mill sitting in cash even though its market cap is $16 mill?
share price will plunge if takeover succeeds, page-6
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Last
7.7¢ |
Change
-0.002(2.53%) |
Mkt cap ! $24.73M | |||
| Open | High | Low | Value | Volume |
| 7.6¢ | 7.7¢ | 7.6¢ | $15.85K | 208.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 138000 | 7.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 200000 | 1 |
View Market Depth
| Last trade - 13.09pm 26/07/2024 (20 minute delay) ? |
| GWR (ASX) Chart |