If I was an ORR holder I'd rather have exposure to a growing gold producer in West Africa, rather than a silver-focussed producer with mines in China.. there are no synergies there.
I don't think JQ is going to throw the kitchen sink at this, PRU have a history of fiscal responsibility and shrewd deal making at the right price. If ORR start trying to play games, PRU probably have one more revised bid in them, otherwise I believe they'll walk.
The ASX is littered with recent examples of Aussie producers doing their dough on dud deals or over-paying for assets, SBM and RRL spring to mind. PRU just need to hold the course.
Ann: Perseus announces intention to make takeover bid for OreCorp, page-14
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