The takeover bid will come in the form of a cash offer direct to EMR
Only concerning the Cambodian operations . That is Renaissance Minerals in 'in toto'.
Not a scrip purchase from shareholders. Not a hostile takeover. No trigger of Capital Gains Tax. No opposition from the FIRB.
It is highly likely that EMR will consider such a cash offer, and it will have to be pretty big.
Playing hard to get. "Still seeing upside in the mine". Not looking like wanting to sell. Not confirming or denying.
Using the money for Boozy, and acquisitions in Australia and farther afield.
Such a large cash injection, giving immediate development of Boozy, would offset the loss of the Cambodiian assets.
No need to use the US$100m Sprott Loan Facity. Faster acceleration to dividend payment. That means $4 /share.
Our BOD know best.
Ann: Option Exercise, page-16
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$3.38 |
Change
-0.230(6.37%) |
Mkt cap ! $2.217B | |||
| Open | High | Low | Value | Volume |
| $3.54 | $3.59 | $3.37 | $12.04M | 3.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5724 | $3.37 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.40 | 7738 | 3 |
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