Shareholders might pay a premium to buy in to a gold stock following a significant POG rise, because the SP is affected by sentiment, which is very woolly concept. A retail shareholder like me either pays the premium, or waits for a possible retreat. If they really want in, they have no choice but to bid at or near the going rate. It's simplistic to suggest that the same applies to a potential M & A transaction.
A $40B company won't be paying 3 or 4% more in a takeover proposal because the POG went up $65 last week. They're not valuing the target entity based on market cap.
Best looking weekly chart, page-1273
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Last
$13.97 |
Change
0.170(1.23%) |
Mkt cap ! $16.05B | |||
| Open | High | Low | Value | Volume |
| $14.10 | $14.13 | $13.95 | $36.71M | 2.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12495 | $13.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.99 | 5240 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| NST (ASX) Chart |