Whilst I think the valuation is good for it to be looked at for a potential take over, I think they would need to endow their reserves a bit more to push out mine life for 10years. An immediate to five year cash cow is great but useless strategic acquisition if there isn't more.
JP Morgan raises price target to $2.31, page-9
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Last
$1.96 |
Change
0.075(3.98%) |
Mkt cap ! $2.240B | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.92 | $38.99M | 19.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76412 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 265057 | 9 |
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| RMS (ASX) Chart |