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
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $43.43M |
Open | High | Low | Value | Volume |
45.0¢ | 47.5¢ | 45.0¢ | $74.80K | 161.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 26333 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 96562 | 0.455 |
3 | 82855 | 0.450 |
1 | 50000 | 0.445 |
1 | 50000 | 0.440 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 26333 | 2 |
0.500 | 10000 | 1 |
0.510 | 220895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
Last trade - 15.58pm 12/09/2024 (20 minute delay) ? |
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