For a takeover to occur they need to be able to buy a large amount of shares. Now currently the SP is sub 8c - but that doesn't mean any attempt to take over could buy all the shares they need at 8c. They would need to pay substantially higher to get a substantial number of shares.
So hold your shares, don't sell out - even if you see spike in prices, because it might be an attempt by someone to get their hands on as many shares as they can.
Hold your shares, if you possibly can. The current SP come no where near the potential value of the company.
Not parting with our shares is the best way to hold off a takeover. And buy more if you can.
takeover target, page-13
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5.4¢ |
Change
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Mkt cap ! $40.24M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 163759 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 581768 | 2 |
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