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
5.7¢ |
Change
0.003(5.56%) |
Mkt cap ! $417.2M |
Open | High | Low | Value | Volume |
5.5¢ | 5.8¢ | 5.2¢ | $2.499M | 45.00M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1921794 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 1368288 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 286362 | 0.055 |
9 | 2036888 | 0.054 |
16 | 2736044 | 0.053 |
20 | 1943436 | 0.052 |
23 | 3206056 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 378902 | 2 |
0.058 | 1552127 | 7 |
0.059 | 837099 | 8 |
0.060 | 2176188 | 16 |
0.061 | 1163926 | 6 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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