This seems to be common on these threads - PRU have a big cash balance therefore it’s better to just pay a bit more because they can. They didnt get to this cash position by overpaying for assets - they are financially prudent and intelligent. The statement should be “I don’t mind them paying $X more, because the project is worth $X” - otherwise if they ‘overpay’ - they’d be better paying a dividend or doing a share buyback.
Many Goldies have made poor acquisitions over time, including (so far) Perseus in Sudan.
Ann: Perseus announces intention to make takeover bid for OreCorp, page-29
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Last
$2.55 |
Change
-0.025(0.97%) |
Mkt cap ! $3.488B | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.55 | $2.50 | $3.411M | 1.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 124284 | $2.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 76886 | 14 |
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| Last trade - 11.44am 18/09/2024 (20 minute delay) ? |
| PRU (ASX) Chart |