Trading numbers are going to be thin from now on. When taking in to consideration our leaders / controllers ,own just a whisker short of 90%. ( soon to be diluted, no doubt. )
When this stock moves, up or down, it is going to appear quite volatile but It will be thin on numbers changing hands.
Something to warm the cockles of your heart, my fellow die hards.
About five years ago an American company , Cleveland Cliff tried unsuccessfully to buy out another Australian gem, in Portman mining. They ended up with approximately 85%. From memory the take over price Was around $2.65.
It took them about three years to tidy up and force the compulsory acquisition. By that time Portman had reached $21 plus.
Yes, two very different companies and no comparison should be a consideration.
Oh! but wouldn't it be nice ?
GDO Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held