CMM 1.62% $6.39 capricorn metals ltd

just throwing a thought into the ring, as there are a few here...

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  1. 7,822 Posts.
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    just throwing a thought into the ring, as there are a few here who would be far wiser than i in knowing how T/O's work.....
    So, is there anything against say, RRL coming back with a bid, slightly higher, but, making it unconditional. That is, in an attempt to simply hit 50.1% and gain control. It may not even be necessary to reach that line, but i would think another bid would gain enough stock to get control and put HP on the back foot. At the moment, they seem to be controlling things from a 19% holding.
    Any thoughts??.........i know sometimes, a lightning raid, after securing major parcels off market, are usually successful in cornering control, thwarting other bidders, but, whilst my knowledge and skills let me down here, i do know that T/O's arent always that simple, but, the corporate plays like this always draw me in for a spin
 
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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
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Last trade - 14.20pm 02/12/2024 (20 minute delay) ?
CMM (ASX) Chart
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