I don't think GMD would give up and I don't think they need to revise their bid. If SBM shareholder vote the sale to GMD down then SBM has to do a merry dance with their lenders. That may involve a recapitalisation, administration, fire sale, or preferably for SBM SH, revised terms on the existing debt.
SLR's offer is still non-binding so there is nothing for SBM SH to vote on, GMD have the advantage here that they have had access to the data for a very long time.
If it were a no, then presumably with the blessing of their lenders, SBM will open the process again and invite bidders again.
Ann: No material improvement in Silver Lake proposal for Leonora, page-14
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Last
29.0¢ |
Change
-0.005(1.69%) |
Mkt cap ! $314.0M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.5¢ | $1.949M | 6.718M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1603620 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 138499 | 4 |
View Market Depth
| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| SBM (ASX) Chart |