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)
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I know that the buyback meant that EVN went above 20% but what...
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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. |
---|---|---|
$4.69 | 63903 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46607 | 4.650 |
2 | 325 | 4.620 |
1 | 650 | 4.610 |
1 | 5000 | 4.530 |
1 | 388 | 4.500 |
Price($) | Vol. | No. |
---|---|---|
4.690 | 63903 | 1 |
4.750 | 4791 | 1 |
4.820 | 820 | 1 |
4.930 | 2470 | 1 |
5.010 | 120 | 1 |
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