As much as I wish the guys who are advocating a 20c corporate takeover were right - reality is that even if the company was actively seeking to get taken over (which I doubt)and if there was an interested party, nobody, NOBODY, in this market would pay in excess of a 200% premium to buy this (or any other) company. If the right player was interested, we'd be very lucky if they were prepared to pay 10c - a premium of approx 85%.
20c is a pipe dream imo.
If they dilute us further through a short/medium term capital raise, even 10c will be a pipe dream given the horrendous dilution we can expect from a cr (at 4c?).
I suspect sh suffering will continue for another 12 months at least (if we avoid a cr) - and much, much longer if management fails to sell some assets to manage the cash position.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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