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56.5¢ orecorp limited

Ann: OreCorp receives conditional, increased offer from Perseus, page-8

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Goldguy90

49 Posts.

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21/03/24

11:10

Post #: 72991166
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Originally posted by nordesmic: ↑

The issue is that the market value of SVM shares is heavily influenced by their offer. Last night the stock moved 11%, the first 5% of which occurred before the Fed speech. That 5% was surely due to market perception that Silvercorp is now less likely to win the bidding war and dilute their stock. If a higher 'implied' offer comes then their share price will very likely fall back again.

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I might be tin foil hitting this but maybe the 5% was Orr covering their Svm shorts now that they maybe have enough uptake to be sure Svm can’t win.

ORR Price at posting: 58.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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