kentwang - interesting food for thought.
Fascinating that Stone are interested in A1. It doesn't seem like anyone else is.
Perhaps Stone had plans to merge CRE and A1 to get some scale, or perhaps they are so bullish on the gold price that they see the best leverage in the most marginal businesses.
Given AAMs relentless decline and decimated market cap, I'd expect a consolidator like Focus to have taken them out by now, if they saw any value at all. Once there are questions about the validity of JORC resources, it's hard to see the train un-wrecking itself!
takeover progress, page-7
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Last
12.5¢ |
Change
-0.013(9.09%) |
Mkt cap ! $35.81M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $6.335K | 47.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 198192 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.58pm 26/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |