Looks like this is probably a done deal.
50% minimum acceptance threshold. BCN + Petroulas are c. 35% on their own. There are some noisey HC holders but to get 15% out of the remaining 65% seems highly likely IMO.
Combined entity looks like a winner IMO. Once you put Redback into year 3-4 they should produce c. 500koz over the first 4 years. And have margins of above $2.5k at spot given Marc has recently said opex hasn't moved significantly since SS.
MC here is about $220m at completion. This makes financing very doable and as above we should have $1.25bn+ cashflow in the first 4 years. That is a rapid payback and cash build.
Ann: Astral & Maximus to Merge Via Recommended Takeover Offer, page-3
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15.5¢ |
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Mkt cap ! $219.7M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.5¢ | $327.8K | 2.049M |
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| No. | Vol. | Price($) |
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| 5 | 367024 | 15.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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