I've never thought of the process like this before, but Okenia on LSE is spot on with his/her insights in my opinions:
Quote:
"I suspect the IPO idea is little more than a negotiating stance. To show that if a good trade sale price isn't offered, they can walk away and go down a different route.
The other messaging is the buyback price which is a non-subtle way of indicating their reserve / starting price.
Given the paucity of good new Tier 1 projects to replenish the asset inventories of the majors (not least due to them withdrawing from exploration in recent years), I'm sure there will be very strong interest in a low cost very long mine life T1 asset like Tshipi. A trade sale must be the odds-on favourite outcome."
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $323.4M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.0¢ | $320.6K | 1.933M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 536660 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 257211 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 1398700 | 0.160 |
20 | 2117461 | 0.155 |
36 | 3046441 | 0.150 |
23 | 1855657 | 0.145 |
16 | 431148 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 235711 | 4 |
0.175 | 370500 | 5 |
0.180 | 131225 | 4 |
0.185 | 288981 | 11 |
0.190 | 342939 | 6 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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