Not necessarily , the whole principle behind a TO is to acquire future value at a discount now, that implies anyone offering a premium sees value further down the track , our bigger shareholders are well aware of that....they have the time and the patience to wait to get that future value for themselves..
Any T/O bid , friendly or otherwise would bring on a TH untill management gave guidance as to it whether represented fair value or not...all assets are for sale at a price but thats very unlikely to be recieved at this stage in proceedings, it would need to be a very good premium for that to occur IMO...
In the case of an on market bid it wouldn't take long for a raider to get 20% relatively cheaply as the weaker hands and traders get out but the 200 shareholders who own 70% of the Company would wait for Company guidance first...would be quite a nice problem to have as it would set minimum value on our assets which would reflect in the shareprice....
I'm not expecting this outcome but it's always a possibility...
Cheers Whisky
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Last
49.5¢ |
Change
-0.025(4.81%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
51.0¢ | 51.0¢ | 49.5¢ | $3.293K | 6.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 995 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 3276 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 995 | 0.495 |
1 | 47000 | 0.485 |
1 | 1999 | 0.475 |
2 | 92553 | 0.470 |
1 | 3000 | 0.445 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 3276 | 1 |
0.520 | 212500 | 4 |
0.525 | 19005 | 2 |
0.530 | 101005 | 2 |
0.550 | 27285 | 2 |
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