nobananas posted; " ... 450m is a pipe dream - we would be at 90c. It they thought it was worth a fraction of that they'd buy the whole company for 50-60c."
i have no comment on the value of Roseby but imo I believe X would not want to takeover AOH in its entirety (even if they could do so for a price less than what they may be required to pay for just 100% of AOH's qld resources).
there would be huge additional corporate costs to X to takeover AOH. i would imagine they have little interest in a couple of small mines in Finland so they would also have to deal with the sale of these mines. too much due diligence and corporate red tape involved in buying AOH and selling Finnish mines, too many lawyers and bankers fees - basically too much hard work. much easier for X to just buy what they want (AOH's Qld tenements) even at a premium to a possible full takeover of AOH at say circa 60c per share.
as a left-of-field thought, if negotiations between AOH and X reach a stalemate, there may be an opportunity for a canny third-party private-equity crew to step in and do a deal whereby they take-out AOH in its entirety (with an inclusive agreement to sell the AOH Qld tenements to X) thereby ending up with the Finnish mines at little or no net cost? just a thought ...
k
AOH Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
