Not full take over, partial take-over say a major buys 15-20%. Similarly for JV. Either put a foot on the asset and just keep increasing with the drilling spend.
I don't think XAM will have control of it's take-over price.
I suspect AS and the board have made a fundamental error.
Big ore-bodies like this one's need a major to efficiently fund drill out e.g. the CZI model. Say CZI retain 30% to get get to DFS.
Otherwise you just keep getting dilution. I've seen it often enough to prove the rule told me by my lecturers. HCH is an example.
IMVHO.
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Last
5.0¢ |
Change
-0.004(7.41%) |
Mkt cap ! $85.80M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.0¢ | $174.9K | 3.386M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99999 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 53215 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99999 | 0.050 |
2 | 300000 | 0.049 |
2 | 67083 | 0.048 |
2 | 150000 | 0.046 |
3 | 544222 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 53215 | 2 |
0.055 | 750000 | 2 |
0.056 | 120000 | 1 |
0.057 | 514000 | 3 |
0.058 | 100000 | 1 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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