Forced? It's possible, but doubtful.
Why SFECO? Who set the price? Why the asset sale - the government would be better off having CHN removed from all tenements if they wanted to speed up the path to royalties.
Why award the ML to CHN?
Why would mgmt release positive drill results, further highlighting that the offer is undervalued?
And the most important question - what if the deal is voted down?
Too many loose ends for this to be forced.
I love a good conspiracy theory, but you can remove your tinfoil cap phirang123.
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so where are we actually at?, page-20
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Last
$1.34 |
Change
-0.050(3.60%) |
Mkt cap ! $571.8M |
Open | High | Low | Value | Volume |
$1.40 | $1.41 | $1.33 | $2.161M | 1.585M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18387 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 3757 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 386752 | 0.145 |
6 | 299000 | 0.140 |
8 | 191611 | 0.135 |
6 | 319853 | 0.130 |
5 | 292000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 40000 | 2 |
0.155 | 367180 | 1 |
0.160 | 460998 | 10 |
0.165 | 353140 | 7 |
0.170 | 248919 | 2 |
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CHN (ASX) Chart |