15-10-2024
" a takeover price with a 100% premium "
Wow, :-) time to doubledown.
Unfortunately!! The mms trait of lowering the share price to create buying interest or completing on orders has a horrendous effect over a period of time.
The mms have a tendency to do this the day after a news driven heavy volume day. It sorts their positions but has driven imvestors away.
I have bought around 1m shares in the last 3 weeks. There was no rise on my extra volume.. only drops on selling.
Zenova look to be doing wellnow after the wobbly first half. They now have a global distribution network in the parts if the world they need to be. Its an acheivement and product validation.
Unfortunately, a takeover price with a 100% premium would only be a fraction of what the company is worth.