I see Silvercorp being severely constrained to up their offer materially.
They are US$500M company and need to fund a US$500M project if they manage to complete the take over (although do have US$200M in cash). This ain't Shandong or Nordgold.
Issuing a load more new stock would be pretty dilutionary pretty quickly too.
Their last 'increased' offer was a bit of a joke since it was below the original implied 60c offer.
They bought a pistol to the fight and Perseus have a bazooka of cash reserves and liquid, solid scrip.
- Forums
- ASX - By Stock
- ORR
- Ann: Scheme Meeting Postponed
Ann: Scheme Meeting Postponed, page-9
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)