Deal, Placing or takeover????20 Oct 2024 18:17
It comes down to strategy now. Is the new BOD really good enough or just the same?
Should really be the easiest sale in living memory of any listed company at this valuation given where the true value of the company should be. Will a deal come soon, immediate takeover or will it be a placing for 3/6 month capital with a view to selling an asset, getting a deal over the line or to sell the entire company possibly at a premium price for those willing to take a small risk. The worst outcome would be a 1.5 million raise with a large discount but the least likely I think given the current valuation and situation as that would sink the share price, likely for good.