Not going to weigh-in on if the deal is garbage or not, but the offers so far for Leonora value the asset far greater than the market cap of company. This tells me one of two things, either:
1. the purchase price is too high, or
2. SBM shares are undervalued.
If you assume #2 then in an ideal market the deal should get voted down by shareholders and a 249D appears to replace the board.
If it gets voted through then its #1...
Ann: GMD: Genesis on track to acquire St Barbara Leonora assets, page-17
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Last
23.5¢ |
Change
-0.045(16.1%) |
Mkt cap ! $192.2M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 22.0¢ | $6.812M | 29.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1030382 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 54447 | 4 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
23.3¢ |
Change
-0.045 ( 16.0 %) |
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| Open | High | Low | Volume | ||
| 25.0¢ | 25.0¢ | 22.3¢ | 9777778 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| SBM (ASX) Chart |