Very good analysis.
There is only one reason and one reason only why this was an asset sale and not a company sale.....management wants to keep their jobs which wouldn't happen if the entire company was sold. Much easier to take a big salary and give yourself millions of options with $100 million in the bank. Of course this is done to the detriment of existing shareholders but since when does a management team think of the shareholders over themselves.
My guess is it won't matter. Within a month, Nevsun will make a hostile bid for $.35/share and take over their offices so management will lose in the end.
stateside
- Forums
- ASX - By Stock
- CHN
- offer analysis
offer analysis, page-2
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CHN (ASX) to my watchlist
|
|||||
Last
$1.09 |
Change
0.030(2.84%) |
Mkt cap ! $412.3M |
Open | High | Low | Value | Volume |
$1.08 | $1.09 | $1.06 | $620.2K | 579.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 35362 | $1.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.09 | 9327 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 16344 | 1.070 |
9 | 89890 | 1.065 |
15 | 92966 | 1.060 |
8 | 122797 | 1.055 |
7 | 27200 | 1.050 |
Price($) | Vol. | No. |
---|---|---|
1.080 | 83181 | 9 |
1.085 | 38277 | 5 |
1.090 | 33565 | 3 |
1.095 | 83879 | 7 |
1.100 | 305124 | 5 |
Last trade - 11.12am 31/07/2024 (20 minute delay) ? |
Featured News
CHN (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online