I've bought some of these yesterday and today - I was previously a holder but sold out a few years ago. At the current price the risk versus reward looks quite attractive IMO. The bid is for approx. $100 million whereas current market cap is approx. $85 million, so one would expect limited downside. The key risk is that for some reason the proposed deal (or a replacement deal from another bidder) does not proceed - IMO this risk is relatively small. The upside is that another bidder trumps the current offer - IMO the chance of Rio lodging a higher bid is very strong, hence my buy in in expectation of a counter bid from Rio.
GLTA & DYOR
I've bought some of these yesterday and today - I was previously...
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Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $70.72M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 29.0¢ | $27.18K | 91.70K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 78130 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 26472 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
29.5¢ |
Change
0.005 ( 1.72 %) |
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| Open | High | Low | Volume | ||
| 30.0¢ | 30.0¢ | 29.0¢ | 33405 | ||
| Last updated 15.31pm 10/05/2024 ? | |||||
| CZR (ASX) Chart |