abitlikeme: "Someone will probably make an offer for the company at 3c soon, which the majority of shareholders will jump at."
Disagree completely that share-holders will 'jump at' 3 cents. But just double that to 6 cents (which will still be very cheap for Suda IF BP sees real potential here) and then such a take-over offer will stand a much better chance. At triple that (9 cents and still very cheap for a BP) a take-over most likely will be successful. Time will tell.
Obviously, BP has thus far not concluded that Suda is a 'must have' for them. But this may change, hopefully?
All the aforementioned JIMHO, of course.
wasa
The Share Price, page-14
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Last
16.0¢ |
Change
-0.003(1.54%) |
Mkt cap ! $168.2M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.5¢ | $241.9K | 1.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 684661 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 409268 | 8 |
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| ALA (ASX) Chart |