I know that the buyback meant that EVN went above 20% but what is the plan here? This initial stake was given to EVN by the Takeovers Panel at a favourable price, but I am wondering what is EVN's end-game here? Are they interested in all the TBR assets or is this simply a blocking stake to trade off something else with NST at some future point, or is it simply a profitable dividend paying business that Jake Klein and EVN want to hold long term.
It just seems a weird holding for EVN and Jake Klein to have and maintain under the creep provision, by owning TBR they are owning a court case that is still ongoing between TBR and NST and a heap of ore sitting out on the paddock thanks to a belligerent EKJV partnership between NST and TBR with gold ore sitting idle and ready for treatment. What am I missing?
Disclosure: hold TBR and EVN (got rid of NST when it topped out, but still have a small SAR holding)
I know that the buyback meant that EVN went above 20% but what...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TBR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.65 |
Change
-0.080(1.69%) |
Mkt cap ! $243.9M | |||
| Open | High | Low | Value | Volume |
| $4.73 | $4.73 | $4.65 | $86.41K | 18.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 46607 | $4.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.69 | 63903 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| TBR (ASX) Chart |