You do ask the question that I've started to think more about.
Not who would, but who could!?
A bidding war would be great, but are there really 2-3 big players who could afford a seat at the table?
Newmont and Barrick are by far the largest two players, and they've each got about $5bn USD cash positions, and about equal debt. I'd suggest that selling DEG to these guys on a cash only transaction is unlikely... It's just too much cash!
so therefore any takeover must surely be shares or cash and shares. That opens up possibilities a bit more, and allows for more chance of a bidding war, but I do feel we might be nearing the point where we just get too expensive to take over, certainly if there's other Hemi 2.0+ found before an MRE
DEG - Expect news on Thursday, page-30
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Last
$1.21 |
Change
0.055(4.76%) |
Mkt cap ! $2.899B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.21 | $1.19 | $9.324M | 7.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33645 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 12149 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |