I would say bidding war as MZN already has Teck onside and an underwriting to move foward.
Seriously they released the announcement at 3.50pm and gave them till 5pm to look at it and reply. It's a stalling mechanism.
This will work out well for RXL imo.
latest offer, page-27
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 (20min delay)
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $57.48M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $163.8K | 1.089M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 368796 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 210000 | 3 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |
