I like the idea of buying Tropicana. Duncan knows the resource. IGO is more a base metals miner than a gold miner and might see the current high gold price as a time to exit their gold mine and focus on their core business. But it would cost a lot more than the $350M in debt funding they have available. They would have to issue some equity as well. It makes sense to buy at the asset level rather than the company level because you avoid the takeover premium.
Ann: Gold Road Increases Financing Facilities, page-52
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Last
$1.83 |
Change
0.065(3.69%) |
Mkt cap ! $1.978B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.84 | $1.79 | $7.826M | 4.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12707 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 137969 | 7 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| GOR (ASX) Chart |