If we achieve a close today of say 85 cents, and another miner moves quickly with a hostile takeover bid to take advantage of shareholder dissatisfaction, we might expect a premium of 20% to 25% to the closing price.
That's back over a dollar and if the other parties that have expressed interest then throw their hat into the ring, then there is potential for further gains.
I base my range on Newmont's 23% offer for Newcrest when gold price wasn't flying. Gold Fields' offer for Gold Roads was 28%, while NST for DEG was 38%.
For more optimistic thinkers, BHP for Noront went from 23% to 80% because of competitng offers.
What do people think?
Ann: Successful completion of A$156.5M institutional placement, page-42
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Last
88.5¢ |
Change
0.005(0.57%) |
Mkt cap ! $1.306B | |||
| Open | High | Low | Value | Volume |
| 89.0¢ | 90.0¢ | 86.5¢ | $14.94M | 16.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 158843 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.5¢ | 2000 | 2 |
View Market Depth
| Last trade - 16.15pm 24/06/2025 (20 minute delay) ? |
| BGL (ASX) Chart |