It is not compulsory unless they reach 90%, which I believe is not likely and is not really their intentions. They will need to increase the offer to achieve this %.
The benefit of staying in is you are a beneficiary of the major shareholders actions in moving forward. You ride on their back to production or on selling at a higher price.
The fair price for this stock was 8-10 cents remembering we have traded at 17 cents in the recent past. There has also been analysts suggesting this stock could be valued between 38 - 42c so Hanking Progressing this resource will benefit minor shareholders as much as themselves.
I believe there is a lot more money to be made in this stock now that Hanking have control and funding is now guaranteed from their pocket.
I believe if they want more the share price will start to increase.
My thoughts of course based on my investment experience.
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Last
8.4¢ |
Change
-0.005(5.62%) |
Mkt cap ! $10.09M |
Open | High | Low | Value | Volume |
8.7¢ | 8.8¢ | 8.4¢ | $41.07K | 481.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5056 | 8.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.7¢ | 131766 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 66000 | 0.075 |
1 | 10000 | 0.071 |
1 | 50000 | 0.070 |
1 | 200000 | 0.065 |
1 | 67231 | 0.063 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 20103 | 1 |
0.082 | 25517 | 2 |
0.110 | 991 | 1 |
0.120 | 80000 | 1 |
0.150 | 12000 | 1 |
Last trade - 15.52pm 07/11/2024 (20 minute delay) ? |
PGO (ASX) Chart |