I suspect a simple reason 'they' can't buy all the shares is because some people would not sell them. Even PH holds only 5%ref: https://www.marketscreener.com/quote/stock/IMUGENE-LIMITED-10353137/company/
Name Equities % Valuation 1 422,219,760 5.889% 28 M $ 2 291,281,412 4.063% 19 M $ 3 The Vanguard Group, Inc.244,288,515 3.408% 16 M $ 4 118,000,000 1.646% 8 M $ 5 Vanguard Investments Australia Ltd.109,783,697 1.531% 7 M $ 6 Norges Bank Investment Management82,036,374 1.144% 5 M $ 7 79,916,666 1.115% 5 M $ 8 77,000,000 1.074% 5 M $ 9 Netwealth Investments Ltd.60,576,704 0.8450% 4 M $ 10 Sve Capital Pty Ltd.23,000,000 0.3208% 2 M $
So the price would go up dramatically as they started to buy in. If they made a bid instead, it wouldn't take long for an alternative offer to come in I would think.
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Last
5.2¢ |
Change
0.001(1.96%) |
Mkt cap ! $373.3M |
Open | High | Low | Value | Volume |
5.1¢ | 5.3¢ | 5.0¢ | $517.8K | 10.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 105605 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 120000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 549831 | 0.051 |
49 | 3597463 | 0.050 |
26 | 2833007 | 0.049 |
20 | 1669400 | 0.048 |
13 | 1134963 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 785526 | 9 |
0.053 | 1913822 | 7 |
0.054 | 2460442 | 7 |
0.055 | 948417 | 11 |
0.056 | 353333 | 4 |
Last trade - 15.59pm 04/07/2024 (20 minute delay) ? |
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IMU (ASX) Chart |