Counter bid likely by end of next week or dispatch documents will be close. There can be a bid later on but will cost and time delay in organizing the transition in whichever way it comes. It's out of CZR control though but longer the incoming bid takes, more time parties will have to assess the situation and strategize the takeover.
Interesting highlights:
I am unsure why we are still under 50c. Is it the FIRB sending the shivers or interested parties capping the SP? I assume its the latter as only $82m MCap with plenty of cashed up parties (whales lol) hovering around.
Even if it sells for $102m, company will have 15% of the mine, plus $1m exc fee plus $3.9m project expenditure covered by Miracle. Too good to turn down while still holding 15% of the mine. Only matter of time. Tik-tok-tik-tok!
CZR Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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