I’m getting the feeling that there may be plenty going on in the background with regards to future M & A and consolidation
in the Aussie gold producer sector.
I have always thought that Hawkes Point may be a seller when the stock price runs up because
- over 50 cents it’s a handsome profit (albeit painful getting here)
- they have been locked in for 10 years plus
- OBM must now be taking up a disproportionate % on their gold fund
I think corporates may also now pay a handsome premium to secure a majority stake in OBM … and Hawkes Point may be willing to sell, but also want to share in further upside of the assets by taking a cocktail of shares and cash from a larger established gold producer (like Silver Lake, Genesis, Bellevue, Evolution, Gold Road, Ramelius etc)
When one takes into consideration OBM’s
- replacement value of plant/resources
- tax losses (over $350 million)
- future cashflows from 2 undergrounds (100’s millions)
- exciting exploration upside
A $1.2 billion + valuation (half cash/half shares) is not unrealistic at all … imho
- Forums
- ASX - By Stock
- If Hawkes not buying … they may be selling later this year
I’m getting the feeling that there may be plenty going on in the...
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Last
31.0¢ |
Change
-0.010(3.13%) |
Mkt cap ! $574.8M |
Open | High | Low | Value | Volume |
32.0¢ | 32.0¢ | 30.5¢ | $262.5K | 838.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1688 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 213976 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1688 | 0.310 |
3 | 9181 | 0.305 |
2 | 16781 | 0.300 |
3 | 287822 | 0.295 |
3 | 141465 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 213976 | 2 |
0.320 | 204395 | 8 |
0.325 | 54786 | 3 |
0.330 | 113214 | 4 |
0.340 | 114000 | 3 |
Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
31.0¢ |
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Change
-0.010 ( 3.13 %) |
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Open | High | Low | Volume | ||
31.5¢ | 32.0¢ | 31.0¢ | 324197 | ||
Last updated 15.59pm 09/05/2024 ? |
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OBM (ASX) Chart |