As the management stated in the the latest press release, there are obvious reasons to accept the offer. Bottom line is if DRD offers only 1/3rd of the book value to shareholders the management should try to sell at a higher price, as simple as that. There are still a few other companies around focused on Gold/Uranium tailings.
2nd company update - drdgold deal, page-9
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.937M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $1.019K | 203.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1862889 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 3032045 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LRL (ASX) Chart |