I completely understand your point and dont want PRU to be frivolous or ill-disciplined with their cash, but if the deal needs to be bumped 10% (or A$25m at 0.55c/sh ORR), or US$15m, then I am fine with that so long as Jeff and team think it will deliver value to PRU shareholders in excess of that incremental US$15m over a 3-5 year period.
I say that in context of the fact that that bump would represent ~1.2% of PRU's market cap and 2.8% of PRU's cash balance...
Ann: Perseus announces intention to make takeover bid for OreCorp, page-30
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Last
$2.49 |
Change
0.040(1.63%) |
Mkt cap ! $3.407B | |||
| Open | High | Low | Value | Volume |
| $2.48 | $2.49 | $2.43 | $3.072M | 1.245M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 66 | 141756 | $2.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.49 | 152063 | 45 |
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| Last trade - 13.01pm 10/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |