Cimic will now hold enough stock to spill the board. If you don't accept this offer, I don't think you will get a higher one from Cimic. Cimic also own too much for a competing offer to be successful IMO.
Additionally, MAH are on shaky ground at Telfer where they are consistently losing money. I am sure that Cimic would have spoken to Newcrest and Anglo/IGO. If they are not successful with this bid, there is nothing to say that Cimic won't go after these contracts directly. What will MAH be worth then? My guess at that point that Cimic will mop the shares up for next to nothing and clear up their balance sheet.
Take the money and run, it's the best offer you are going to get
Cimic will now hold enough stock to spill the board. If you...
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Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $624.9M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.5¢ | 28.0¢ | $900.0K | 3.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 61864 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 18769 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MAH (ASX) Chart |