“They want a CR so they can pour a lot of money into the CR and then bring their average price downer”
Please read my previous post. Hawke’s Point are already at 18.93%, they can’t pour a lot of money into a CR to bring their average down. Once they reach the 20% ceiling imposed by the TO law they have to stop or launch a TO for the company. They can only go higher very slowly using the creep procisions in the law and that’s too slow to make any sense in this context.
Hawke’s Point were just not happy with the price of the proposed offer and they said no. They have the right to be unhappy and say no, it is a free world and they will have their own rational for their decision.
Esh
“They want a CR so they can pour a lot of money into the CR and...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.39 |
Change
-0.105(1.62%) |
Mkt cap ! $2.397B | |||
| Open | High | Low | Value | Volume |
| $6.59 | $6.60 | $6.35 | $2.111M | 327.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 6660 | $6.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.39 | 4499 | 16 |
View Market Depth
| Last trade - 14.20pm 02/12/2024 (20 minute delay) ? |
| CMM (ASX) Chart |
