This seems to be common on these threads - PRU have a big cash balance therefore it’s better to just pay a bit more because they can. They didnt get to this cash position by overpaying for assets - they are financially prudent and intelligent. The statement should be “I don’t mind them paying $X more, because the project is worth $X” - otherwise if they ‘overpay’ - they’d be better paying a dividend or doing a share buyback.
Many Goldies have made poor acquisitions over time, including (so far) Perseus in Sudan.
Ann: Perseus announces intention to make takeover bid for OreCorp, page-29
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Last
$2.56 |
Change
0.000(0.00%) |
Mkt cap ! $3.521B | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.56 | $2.46 | $10.73M | 4.254M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10500 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 46390 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PRU (ASX) Chart |