The one positive with the relatively sharp and continuing decline of the PMT share price is the increasing likelihood of a takeover bid. A 50% premium at say $1.00 would be more affordable for the bidder than at $2.00. A bid valued at $1.50 per share would at least raise the share price back to that level ($1.50) and I would image that it would be rejected by the Patriot Battery Metals management team. Just theory here, as the ASX opening for today looks negative once again rapidly heading to the 'gold coin' level I just mentioned. I am holding a considerable parcel of PMT shares, so no ramping in either direction.
The one positive with the relatively sharp and continuing...
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Last
29.5¢ |
Change
-0.020(6.35%) |
Mkt cap ! $174.0M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 28.5¢ | $2.132M | 6.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 42338 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 562281 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PMT (ASX) Chart |