georisk - My wife is a teacher and rather than blame the education system, I'd blame the helicopter parents who seem to hassle teachers about every single aspect of their darling's education.
That whinge aside, I do find it difficult to see the post takeover entity having a share price at $1 anytime soon. It'd take a large increase in the gold price and a belief that the rise was sustainable. And/or a huge, and I do mean huge, amount of exploration success.
The two entities are now worth about $3.15bn combined and the "known knowns" would now be pretty factored into analysts models.
As such, I reckon it's a bit of a stretch to think that the mere completion of the takeover will see the market capitalisation virtually double. Maybe it'll rise a bit when the index-huggers have to buy it but it's hard to see it doubling.
What seems to have been overlooked in recent posts is that it's the market capitalisation of a company that's critical.
If the market thinks a company is worth $4bn, it doesn't really matter if it has 10 billion shares on issue trading at 40c a pop, or 500 million shares trading at $8.00.
If someone gives me a dollar by way of 5 x 20c coins or 2 x 50c coins, it's the same outcome. I'm not better off financially by having 5 coins in my hand rather than 2.
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $2.380B |
Open | High | Low | Value | Volume |
35.5¢ | 36.0¢ | 34.8¢ | $7.381M | 20.99M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 500592 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 479161 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 500592 | 0.350 |
19 | 996212 | 0.345 |
34 | 2718150 | 0.340 |
36 | 1567563 | 0.335 |
40 | 2815482 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 479161 | 12 |
0.360 | 1177696 | 20 |
0.365 | 1278164 | 17 |
0.370 | 990457 | 11 |
0.375 | 829372 | 13 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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