Appears that Stone is still buying CRE shares, with the price going higher as the number of shares for sale reduce.
By my calculations they are well over the 10% revised stake in CRE, so why continue buying into a company that could end up being delisted, or where the new Board is going to view you as a hostile entity?
If Stone have an intention to launch a takeover offer for CRE, then it is going to have to be a doozy for FML to even bother reacting (would however, give the FML share price a kick up on potential profit FML could make).
Is it some ploy to get a reasonably cheap entry into FML?
Is there some tie up with A1 Minerals in all of this?
Is FML the ultimate target?
Interersting days ahead, no doubt.
Appears that Stone is still buying CRE shares, with the price...
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Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 132799 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 4616 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FML (ASX) Chart |