Areva wanted a stake in smm big enough to block a full t/o - they were prepared to pay a premium (6.10) to get this in a few big hits rather than buy in bits on the market - the premium they paid was never reflected in the market generally, because the "powers that be" saw it as a one off and not indicating a competing interest to the pdn offer. So smm price has carried on trading at just under the equivalent offer price for those that want immediate cash rather than go through the acceptance procedure - hope this helps - as previous poster has said - "goodbye sweet princess "
why the price diff., page-3
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.123M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $381 | 127.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 18298666 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 540108 | 3 |
| Last trade - 13.06pm 27/11/2024 (20 minute delay) ? |
| SMM (ASX) Chart |
Day chart unavailable
