Dingy up 14.5% yesterday on HUGE volume of 50m (average monthly - 4m)
Up almost 40% in 3 days. But hold on. The news only broke yesterday. Just a coincidence I'm sure....
So it looks as though the Chinese speculators think that a formal offer will be made...and recommended by ELM's board. So what's with the ASX price? Dingy..any thoughts? LOL
MEANWHILE - post Dingy news - A $1 rating has been placed on ELM (in addition to the $1.25). National Financial Bank thinking a formal offer will around $1?
Remember ELM is NEGOTIATING with the bidder. I've yet to see a negotiator (for anything) negotiate themselves worse price than the first offer. "66c? That's too much. 50c...Take it or leave it!"
Fill my boots time on Monday..and Tuesday..and Wednesday..
K2P Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held