Probably if CNNC remains true to form. You would hope that during these delays, PDN (administered by KPMG) would have been able to get legal opinion on the validity of the trigger option and if warranted, stage a rebuttal and open up bidding for LHM or engage in new strategies; also that the valuation of LHM is being fully scrutinised. Based on the in ground ore, 20 year mine life, the projected futures uranium price and the $190M already set as value for 25% of the mine, the value for the remaining 75% should more likely be around $583M and $760M for 100%. Most onlookers were predicting around at least $500M for the remaining 75%. KPMG have an extension of a further month to react to CNNC's decision.
Areva NewCo takeover, page-9
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Last
$9.75 |
Change
-0.380(3.75%) |
Mkt cap ! $2.915B | |||
| Open | High | Low | Value | Volume |
| $9.87 | $9.90 | $9.68 | $25.76M | 2.638M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | $9.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.76 | 1000 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |