personally I'd doubt they would "bid" at all .
Too big , with premium it's too expensive .....needs a merger , and an agreement worked out behind closed doors by both boards so that it's fait accompli when the news comes out ....or just not happen .
Does seem likely for a tie up .....but IMO needs 2 willing parties and a hostile t/o of Spartan just not good value so not assured .
If the money market tightens then a cashed up RMS has a much better bargaining position .
RMS can as an alternative do a deal for a share of the project as opposed to buying the company .
IMO
Ann: Diggers and Dealers presentation, page-6
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Last
$2.20 |
Change
0.030(1.38%) |
Mkt cap ! $2.525B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.22 | $2.18 | $5.466M | 2.485M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 256 | $2.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 3452 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |