Just revisited GMD announcements. It appears to me that their $470m CR has not been completed yet, with $400m are CONDITIONAL.
Also, GMD claimed they had 49% from TOP 20 shareholders backing the deal. Who knows this is for real? Even worse, the acquisition depends on the shareholders voting on 20 June.
So, how could SBM board claimed GMD's offer is concrete? In my view, their offer is as uncertain as SLR's.
It's the SBM board should be on offer (for free), rather than Leonora assets. SBM major shareholders, why don't you stand up?
Ann: St Barbara Board determines not to engage with Silver Lake, page-18
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25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $204.5M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 25.0¢ | $1.209M | 4.678M |
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| No. | Vol. | Price($) |
|---|---|---|
| 15 | 707806 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 1033222 | 3 |
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