Part of it is no doubt driven by the prospect of a takeover at that price, but that is more down to speculation than anything concrete as things stand.
Not sure I follow - where is the arb. opportunity if the gap between the market price and the speculative offer at $1.85 is closing/shrinking? For the bidder, they'll usually have to offer a decent premium to a recent VWAP to get it over the line - the longer the price stays at these levels, the more $1.85 may not cut it for the acceptance by the board and shareholders.
Tyro Sweet Recovery 2023 Thread, page-86
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Last
92.5¢ |
Change
-0.010(1.07%) |
Mkt cap ! $498.3M | |||
| Open | High | Low | Value | Volume |
| 92.5¢ | 95.0¢ | 92.5¢ | $450.2K | 479.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 39032 | 92.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 139406 | 25 |
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| Last trade - 15.51pm 24/07/2024 (20 minute delay) ? |
| TYR (ASX) Chart |