Back of envelope calculation
Assume bidder acquired their 20% @ 14c average
Bid for 80% @ 9c
Bidder owns 100% at 10c which is a steal with tax losses and tentative signs of turn-around BUT the board needs to be renewed.
I feel the value is around double the current offer price.I already have a maximum position in my risk adjusted terms so cannot add more unfortunately
Back of envelope calculation Assume bidder acquired their 20% @...
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