~14% drop in SP looks like a big overreaction to me - the dilution is just a 60M share placement on 7.6B market cap (not that big), and debt is not starting to be repaid for 18 months if I read this correctly. So either this is going to bounce back quickly or the market thinks that EVN have paid way too much for this, or I am missing something here as the deal should be a positive for EVN (certainly better than Red Lake)
News: EVN Deals of the day-Mergers and acquisitions, page-5
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Last
$3.54 |
Change
-0.190(5.09%) |
Mkt cap ! $7.030B | |||
| Open | High | Low | Value | Volume |
| $3.61 | $3.64 | $3.54 | $31.97M | 8.953M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 268681 | $3.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.55 | 236285 | 6 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| EVN (ASX) Chart |