yes, I suspect they might not have the balance sheet to go for an outright buyout.... the recent M&A cash portion (10% of the total) cny160m need outside funding !
Of course, we will never be 100% sure, but we are talking about usd200m (mine+production), not a walk in the park for them. No matter what come up, current sp 4.7 is a buy for me.
yes, I suspect they might not have the balance sheet to go for...
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15.5¢ |
Change
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Mkt cap ! $74.19M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $29.77K | 197.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 58127 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 128920 | 1 |
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