Just shows if management has shareholders best interests at heart they should grant Hanlong due diligence at least. Who knows how long uranium will be on the nose. After Chernobyl it was on the nose for nearly 2 decades.
QAN rejected a $6.00 takeover just before the GFC now they're below $2.00. PPT rejected a proposed $38 takeover, now they're below $25. RDF rejected a $2.75 takeover, now they're $1.75. It might be many years before these companies share prices get back to those levels, if ever?
Given the share price is 50% below the proposed offer it doesn't appear likely that BMN could extract a higher offer or find a white knight.
why is share price so low?, page-14
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Last
$2.83 |
Change
-0.120(4.07%) |
Mkt cap ! $526.9M | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.88 | $2.80 | $229.2K | 80.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1495 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 4180 | 9 |
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| Last trade - 10.30am 11/11/2024 (20 minute delay) ? |
| BMN (ASX) Chart |