I've bought some of these yesterday and today - I was previously a holder but sold out a few years ago. At the current price the risk versus reward looks quite attractive IMO. The bid is for approx. $100 million whereas current market cap is approx. $85 million, so one would expect limited downside. The key risk is that for some reason the proposed deal (or a replacement deal from another bidder) does not proceed - IMO this risk is relatively small. The upside is that another bidder trumps the current offer - IMO the chance of Rio lodging a higher bid is very strong, hence my buy in in expectation of a counter bid from Rio.
GLTA & DYOR
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Ann: CZR to sell interest in Robe Mesa Project for $102 million, page-47
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Last
24.5¢ |
Change
-0.025(9.26%) |
Mkt cap ! $63.83M |
Open | High | Low | Value | Volume |
27.0¢ | 27.0¢ | 24.5¢ | $16 | 60 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 33279 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33279 | 0.245 |
2 | 54000 | 0.240 |
2 | 102400 | 0.235 |
2 | 63000 | 0.225 |
2 | 9986 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 5000 | 1 |
0.270 | 30415 | 2 |
0.275 | 36163 | 2 |
0.280 | 100000 | 2 |
0.285 | 5000 | 1 |
Last trade - 14.29pm 07/10/2024 (20 minute delay) ? |
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CZR (ASX) Chart |