Welcome to ZYL guys. Don't go selling prematurely, Patersons had a valuation on this of 60cps - admittedly when the market was a lot better, but also before Mliba was part of the stable.
Drilling resuming soon on Kangwane which was the original basis for the 60cps target, tight register, two unsolicited approaches to invest or takeover, and I don't think it's too big of a stretch to think there would be some bigger fish out there looking to see how these offers unfold.
As CL27 points out, the fact that these other M&A plays are happening in the region with Rio and Anglo means there will be a lot more focus on this area.
27cents per share based on minimum valuation, page-4
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1.9¢ |
Change
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Mkt cap ! $85.00M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.7¢ | $59.77K | 3.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2390126 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 2220023 | 15 |
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