IMHO Hawkes point will want more than what is being offered and will not accept the current offer. RRL is going in low to try and get this cheap in the hope that CMM is having current funding issues and are looking at all options.
IMO CMM will reject the current offer at 11.4 cents. I think this will be a good thing because RRL knows the real value and will possibly put forward another higher offer if the current offer is rejected. IMO RRL and others have been watching CMM for some time, they obviously like what they see in regards to the current resource and potential - just how much, we shall see.
Ann: RRL: Response to Media Speculation, page-61
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Last
$6.41 |
Change
-0.080(1.23%) |
Mkt cap ! $2.397B | |||
| Open | High | Low | Value | Volume |
| $6.59 | $6.60 | $6.35 | $5.091M | 793.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2857 | $6.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.41 | 1389 | 1 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| CMM (ASX) Chart |
