Can EMR effectively sell everything it had prior to it's 60% acquisition of Bullzeye, without consulting the EMR shareholders. Understand that between institutions and management they can likely get anything over the line, but as it stands today, EMR would go from a mining company to an exploration company that has around 260K Jorc resource in oz, and no likelihood of being a miner again until 2025 ?
And whether it is via consultation or not, EMR would need to be immensely confident of the bullzeye potential, to give up the existing mine and plan for the 2nd mine in cambodia. In which case is there much more value in the Bullzeye acquisition than is currently been made public ?
Given emphasis that EMR has placed on the cambodian projects and its outlook, it feels like it would have to be an unbelievably high offer for EMR to be tempted.
Ann: Option Exercise, page-21
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Last
$3.85 |
Change
-0.010(0.26%) |
Mkt cap ! $2.526B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.95 | $3.83 | $4.127M | 1.062M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 27760 | $3.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.86 | 9771 | 2 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| EMR (ASX) Chart |