re: Ann: LGL: LGL rejects acquisition proposa... Hi Ziro,
I agree with your observation that an NCM/LGL merged entity would have significantly greater reserves and production than either party on its own.
A concern I have is that the cost of production of the new entity would be quite a bit higher than NCM's as it now stands. ($282 per oz for NCM, $332 for the combined entity, $ 454 for LGL. See slide 18 of the presentation). Looks good for LGL shareholders, but what about NCM shareholders?
I only have NCM shares and no LGL shares. If I had foreknowledge of the a merger I would have elected to have all LGL shares and nothing in NCM. Sour grapes? Maybe, but a merger should be a win/win transaction.
I'm not convinced that this move would be in the best interests of NCM shareholders.
I am more than happy to be persuaded otherwise. So, please bring on the flames (of logic) to shoot me down, if you feel that I'm wrong.
- Forums
- ASX - By Stock
- Ann: LGL rejects acquisition proposal from Newcre
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
Add LGL (ASX) to my watchlist
|
|||||
Last
$1.49 |
Change
0.080(5.67%) |
Mkt cap ! $181.8M |
Open | High | Low | Value | Volume |
$1.43 | $1.49 | $1.43 | $4.785K | 3.241K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.54 | 1708 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3423 | 1.390 |
1 | 309 | 1.380 |
1 | 729 | 1.370 |
1 | 25000 | 1.360 |
1 | 10000 | 1.350 |
Price($) | Vol. | No. |
---|---|---|
1.540 | 1708 | 1 |
1.750 | 1884 | 1 |
1.850 | 1146 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 15.54pm 02/08/2024 (20 minute delay) ? |
Featured News
LGL (ASX) Chart |