I would say opening will be at $1.26 .
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Who is the offer from?
I'm wondering if this is worth a punt.
Could be current small owner (10%) Siward Crystal Technology
see this from 2016 https://www.rakon.com/news/usd10-mil...l-game-changer
Bit of yo-yo for the day and ran out of fizz at the end. Looks like big holder happy to feed the masses and in hurry to exit.
Memo to the board - get couple of guys in corporate suits to advise on the deal and let them negotiate on behalf. Don't screw it up, might be the last opportunity.
Are Robinsons looking for a happy exit ?
Is Warahi still buying or now sitting, or selling ?
It might be unloved here, but bound to find a happy home elsewhere globally as part of another stable ;)
Let's face it - MHM rapidly found a happy new owner elsewhere after a few squeaks around new acquisitions .. who is a major customer of RAK who might see benefit in rehoming the ownership of their supplier under their own roof far away ? :)