Buying depth is building solidly and the price of the bidder's stock, DRD (DROOY on nasdaq) has been steadily building.
Another uptick in the POG will push the price of both EMP and DRD higher.
Personally, I can't see DRD getting its 90% of EMP without paying close to $1.00 a share for EMP.
The stakes are too high for DRD to back away from this acquisition and if there is a blocking element on the EMP share register (and I am betting there is) DRD will just have to up the ante to achieve its goal.
There is a long way to go yet in this play - much will depend on movements in the POG between now and the takeover time frame.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
3.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.23M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14286 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 160000 | 1 |
View Market Depth
| Last trade - 16.21pm 28/08/2025 (20 minute delay) ? |
| EMP (ASX) Chart |
Day chart unavailable