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
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $431.8M |
Open | High | Low | Value | Volume |
5.9¢ | 5.9¢ | 5.6¢ | $1.037M | 17.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1882949 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 399643 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1882949 | 0.058 |
11 | 3369960 | 0.057 |
27 | 4811046 | 0.056 |
28 | 4598665 | 0.055 |
10 | 310001 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 399643 | 3 |
0.060 | 2631845 | 18 |
0.061 | 773907 | 4 |
0.062 | 2227969 | 6 |
0.063 | 243179 | 3 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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