Well IMO, the first bid would likely be around 8-10c... some sort of premium around double to get the market excited and the majority of shareholders on board. However, once other companies see what is going on and one of their peers about to gobble up a growing 1.28moz resource for 10c with further potential to grow, they will be wanting a part of it imo. Once a bidding war starts it goes up until the rival company thinks it’s too much. Like your standard home auction. Too much for me is around 50c a share, if you are comparing to some of our peers in the Aus mining landscape at this stage. Crazy how we are under 5c.
Something is wrong here, page-5
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Last
51.5¢ |
Change
0.010(1.98%) |
Mkt cap ! $183.4M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 52.5¢ | 50.0¢ | $343.6K | 671.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 142261 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 3674 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| AUC (ASX) Chart |