It looks like an opportunistic bid. But what if it's an illegal bid and ASIC hasn't noticed? How could that work? Well, supposing (just supposing) Golden's friends have bought a whole load of shares and accept the offer. Golden can then claim they have 50% and forcibly buy the rest at 0.95. I'm not saying this is the case, not at all, but I have so little faith in ASIC that sometimes it seems that crooked operators can get away with anything. Example: They let some trading houses connect their computers to the exchange for "very fast" trading (a form of front running), they allow squillions of trades below $1 or so every day without any challenge, etc.
The sooner this bid folds, the sooner I'll relax.
Why?, page-3
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Last
$3.06 |
Change
0.050(1.66%) |
Mkt cap ! $2.758B | |||
| Open | High | Low | Value | Volume |
| $2.97 | $3.09 | $2.95 | $4.026M | 1.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 21221 | $3.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 4004 | 2 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| SMR (ASX) Chart |