AGE would have to grow the resources base significantly for BOE to even consider a takeover.
18 mlbs isn't enough and depending on how the contracting goes BOE could be cashed up. As a shareholder i'd hate to see this company pay a premium for a small deposit that wouldn't really add significant valve.
i think anything over 30 mlbs in reserves might be worth it as the deposit is ISR.
they have 10.7 mlbs in indicated so i'm assuming they might concert 8 mlbs of that to reserves.
long story short i'd much rather them spend money on organic growth around honeymoon exploration sites or buy another asset of sufficient scale.
AGE Takeover/Merger, page-6
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Last
$3.05 |
Change
-0.020(0.65%) |
Mkt cap ! $1.249B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.17 | $2.99 | $13.86M | 4.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.06 | 3000 | 1 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| BOE (ASX) Chart |