It looks like an opportunistic bid. But what if it's an illegal bid and ASIC hasn't noticed? How could that work? Well, supposing (just supposing) Golden's friends have bought a whole load of shares and accept the offer. Golden can then claim they have 50% and forcibly buy the rest at 0.95. I'm not saying this is the case, not at all, but I have so little faith in ASIC that sometimes it seems that crooked operators can get away with anything. Example: They let some trading houses connect their computers to the exchange for "very fast" trading (a form of front running), they allow squillions of trades below $1 or so every day without any challenge, etc.
The sooner this bid folds, the sooner I'll relax.
Why?, page-3
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Last
$3.07 |
Change
0.010(0.33%) |
Mkt cap ! $2.469B | |||
| Open | High | Low | Value | Volume |
| $3.12 | $3.14 | $3.07 | $2.271M | 736.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4178 | $3.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 7533 | 3 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SMR (ASX) Chart |
