Just thinking out loud here;
Tata is ACE's biggest customer with a 10 year contract with $30 million sales in the first 3 years as forecast from their October 2008 media release.
Could Tata take advantage of their liquidity problems and think about a buy out of the company at say 10 cents a share? That would only cost them around $20 mil to own the IP outright ultimately using it to leverage of their connections in other overseas auto markets.
Who would take 10 cents? Would the board be in a position to defend something like this happening?
Interested to know others thoughts since it is so quiet on the ACE forum
Just thinking out loud here;Tata is ACE's biggest customer with...
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95.5¢ |
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Mkt cap ! $133.9M | |||
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| Last trade - 14.56pm 01/07/2025 (20 minute delay) ? |
| ACE (ASX) Chart |