The insto part of the CR was heavily oversubscribed and only 6% of shares offered so no chance to get 10% or even close to it.
The updated article in the AFR clearly comes across as another miner is the buyer - they speculate it maybe RMS - based on recent activity Penny West, WGX, Musgrave, etc this approach, if it is RMS, is quite unlike their past M&A approach and when they are sitting on $600m in cash why only bid for 10% or even 20% and say will not be making a TO bid?
If Aust fund managers are saying no and Tembo are not interesting in anything below $1 the bidder may struggle to get to 10% which would be good for the SP.
8.6% is not much of a premium.
While I may be way off I won't be surprised to see this go materially above 90c today! Why because it is clear there are players wanting to buy SPR - speculation has been around for months it will be taken over. Many investors will want to buy SPR as they will be assuming a TO will come as some stage at a much higher price. Happens a lot once a bidder shows their hand. Will other bidders emerge?
only 90c?
- Forums
- ASX - By Stock
- SPR
- Ann: Change of Director's Interest Notice
Ann: Change of Director's Interest Notice, page-51
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPR (ASX) to my watchlist
|
|||||
Last
$1.30 |
Change
0.020(1.57%) |
Mkt cap ! $1.433B |
Open | High | Low | Value | Volume |
$1.28 | $1.30 | $1.27 | $5.116M | 3.963M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 63368 | $1.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.30 | 21923 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 63368 | 1.280 |
1 | 17112 | 1.275 |
5 | 103252 | 1.270 |
1 | 50256 | 1.265 |
3 | 15622 | 1.260 |
Price($) | Vol. | No. |
---|---|---|
1.295 | 21923 | 2 |
1.300 | 104166 | 3 |
1.305 | 54980 | 2 |
1.310 | 145892 | 9 |
1.315 | 38793 | 2 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
SPR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online