I've bought some of these yesterday and today - I was previously a holder but sold out a few years ago. At the current price the risk versus reward looks quite attractive IMO. The bid is for approx. $100 million whereas current market cap is approx. $85 million, so one would expect limited downside. The key risk is that for some reason the proposed deal (or a replacement deal from another bidder) does not proceed - IMO this risk is relatively small. The upside is that another bidder trumps the current offer - IMO the chance of Rio lodging a higher bid is very strong, hence my buy in in expectation of a counter bid from Rio.
GLTA & DYOR
I've bought some of these yesterday and today - I was previously...
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Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $66.00M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 27.5¢ | $19.56K | 69.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22999 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 4058 | 1 |
View Market Depth
| Last trade - 15.00pm 05/07/2024 (20 minute delay) ? |
| CZR (ASX) Chart |