This could happen to us at MEI,it’s open season on undervalued asx miners.
Indonesian-owned Mach Metals had launched a $393 million takeover offer on Rex — a small South Australian developer.
What was Mach buying from Rex?The copper-gold Hillside deposit on the York Peninsula in SA…
Australia’s biggest fully-permitted new copper find.
Development-ready. Containing 1.9 million tonnes of copper and 1.5 million ounces of gold.
Rex did the dirty work to secure the prize.But on the morning of 8 July, Indonesia’s billionaire Salim family…who control Mach Metals…went for it.
DYOR please
To most observers, this looked like just one more Salim acquisition in Australia, after the family bought the Mt Pleasant mine in NSW several years ago…
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $263.4M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.0¢ | $1.095M | 9.510M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 2371982 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 441163 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 2349255 | 0.110 |
11 | 650734 | 0.105 |
15 | 806977 | 0.100 |
1 | 50000 | 0.099 |
2 | 110213 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 441163 | 7 |
0.120 | 490000 | 3 |
0.125 | 312794 | 4 |
0.130 | 384861 | 6 |
0.135 | 207430 | 3 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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