JB got in a bidding war for the Summit against the French nuclear group Areva. Summit owned a U asset in Queensland called Valhalla. Areva wound up owning a 10% blocking stake in Summit.
Summit eventually got bought out for a ridiculous share price of close to $7s, if memory serves, in a share swap for PDN shares.
The MD Alan Eggars became a vey rich man from that deal.
However … there is still no mining of U at Valhalla.
More background here https://finance.nine.com.au/personal-finance/uranium-takeoff/c5bff95a-4a50-4ee7-a523-2c3ee2b4b7cb
Ann: Shareholder Update on Offer to Merge with Vimy, page-50
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Last
$1.10 |
Change
-0.205(15.8%) |
Mkt cap ! $1.054B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.20 | $1.09 | $9.607M | 8.563M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 129280 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 31823 | 12 |
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| Last trade - 11.33am 02/08/2024 (20 minute delay) ? |
| DYL (ASX) Chart |