In the event that we are sitting on a substantial area, consisting of historic grades, I would be of the opinion that any form of takeover would require the bare minimum of at least 10x the market cap at the time of announcement. Therefore, if CHK can continue to climb in MC and market price, which includes a catalyst of grade results, we could be staring down a share price of 20-25c before a takeover is announced.
With this in mind, a market cap 10x that of 20-25c (250 Mil MC), a takeover bid could be in the vicinity of $1 per share (1 bil MC).
I believe that given the presence of not only BHP, but FMG, the negotiations will be far from simple and a takeover war could ensure a significantly competitive price comes our way.
Good luck to all, DYOR
- Forums
- ASX - By Stock
- ALR
- Future of CHK
Future of CHK
-
-
- There are more pages in this discussion • 22 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 ALR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $15.03M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $17.85K | 5.1M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 51131421 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 3859847 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 51131421 | 0.003 |
13 | 14033324 | 0.002 |
15 | 26400889 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 3859847 | 5 |
0.005 | 17985605 | 15 |
0.006 | 8166411 | 12 |
0.007 | 550000 | 3 |
0.008 | 1109710 | 2 |
Last trade - 15.53pm 21/06/2024 (20 minute delay) ? |
Featured News
ALR (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online