There is little chance Tim Goyder would sell Zara under 100m so would expect atleast 40c a share after the announcement.
Tim has invested plenty of his personal wealth into Chalice in 2011 including a buy around 50c and then plenty of buying at around the 30c level.
For him to sign a letter of intent to sell Zara means to me that the offer was at a fair premium to current SP.
I'm happy to buy under 30c.
non-binding letter , page-11
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$1.49 |
Change
-0.035(2.30%) |
Mkt cap ! $577.7M | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.56 | $1.46 | $5.624M | 3.772M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65961 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 20387 | 1 |
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