How quickly things can change...
GORs all cash offer for AOP, and... their ability to have already purchased 19.9% means that, in all likelihood that RMS has made a blunder by not taking a stake in AOP much earlier.
Now... history has shown that RMS can outbid others when determined to acquire, yet... this time, GOR is actually more highly motivated to buy.
They missed out on Tropicanna, they are not gonig to miss again (my guess is they offered at least $600m for Tropicanna... i.e. They simply will not be outbid by RMS this time. They are a 1 mine (50/50 owner), unlike RMS with its two operating mines.
GOR is more desperate.. and likely more willing to just keep upping their bid.
We will see of course, but... as above. RMS waited too long.
As in my name, I predict RMS will lose out, will then pivot and buyout GCY, then look to its other options....
Likely wrong, but... it hopefully gets conversation going.
Interested in others thoughts.
AOP T/O... has possibly already slipped from their grasp...
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Last
$2.03 |
Change
0.030(1.50%) |
Mkt cap ! $2.320B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.07 | $2.02 | $6.102M | 2.992M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 54406 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 46043 | 9 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$2.03 |
Change
0.030 ( 1.76 %) |
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| Open | High | Low | Volume | ||
| $2.04 | $2.07 | $2.03 | 651326 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| RMS (ASX) Chart |