Your spot on again here@VatreniHR
Here is your post again, it's so good it deserves an encore !![]()
( Especially considering Chifeng paid 40c already for there +9% MTC shareholding in that placement on 22/12/2022 )
" There are 12 bidders (8 Chinese, 4 Western). Trans is only the first (western) bidder to play their hand. The real player here is Chifeng Gold from China who are also a substantial holder in MTC.
Chifeng's last acquisition was the Wassa mine (Ghana) in 2021 for $470m USD cash (3.8moz @ 3.8g/t inferred).
The Chinese don't bother with contingencies, they typically structure deals as a lump sump. I'm expecting Chifeng to come in here and bid around $70m USD as a lump sump payment. It might be higher if other bidders are keen on competing.
The main point here is the bidding process is being handled by Minmetals Securities, which is a subsidiary of China Minmetals, the second largest company in China and 58th in the world. Their 2022 revenue was $131.8bn USD. They have an immense network of connections globally. The arrangement is that they receive 5% of the total agreed sale price and I'm sure they'll work the bidders to achieve a higher price. "
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Last
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $43.25M |
Open | High | Low | Value | Volume |
22.0¢ | 22.0¢ | 21.5¢ | $43.76K | 201.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45793 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 30795 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 45793 | 0.215 |
1 | 33882 | 0.210 |
2 | 19878 | 0.205 |
1 | 6749 | 0.190 |
3 | 56000 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 30795 | 1 |
0.225 | 19648 | 3 |
0.230 | 720000 | 2 |
0.235 | 10000 | 1 |
0.245 | 96260 | 4 |
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