Bit of a chess game.
They have many options with their pile of cash just sitting there.
Am sure that management would have planned for contingencies. Suspect that is why they have held back on a dividend, just in case they needed leverage in this deal.
Will be interesting to see RMS's next move.
Ann: EXU: Strategic Investment by Alkane Resources, page-7
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$1.92 |
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| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.92 | $7.450M | 3.862M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72964 | $1.92 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 42195 | 3 |
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