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$2.41 perseus mining limited

Ann: ORR: OreCorp Board recommends amended Perseus proposal, page-11

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deserthead

501 Posts.

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28/03/24

11:34

Post #: 73101033
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Originally posted by Obliqua: ↑

It's all about the difference in financial capacity of PRU and SVM.

PRU has USD$642m of cash and bullion on its balance sheet and an undrawn debt facility of US$300m. It can easily fund the cash acquisition of the OreCorp equity (whether that's 50.01% or 100%) AND lend/underwrite an equity raise for the full amount required for the build of the project to the Orr Corp entity that owns it (whether it stays listed with minorities or is a 100% owned sub of PRU).

SVM on the other hand has to pay for the OreCorp entity with scrip and would need to raise project finance for the build. Without being able to fully consolidate the project it can't support the project debt with the parent entity cashflows. With PRU refusing to sell its interest in ORR and the project becoming less attractive due to the Government carry increasing they probably realised they were better off pursuing other opportunities.

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Still don't get it. And guess what, iy will look even more don't get it if SVM shares continue to run

Last edited by deserthead: 28/03/24
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0 Great analysis

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(20min delay)
Last $2.41		Change -0.070(2.82%)		Mkt cap ! $3.310B

Open	High	Low	Value	Volume
$2.47	$2.49	$2.41	$26.81M	11.05M

Buyers (Bids)

No.	Vol.	Price($)
26	790830	$2.40

Sellers (Offers)

Price($)	Vol.	No.
$2.42	7130	1

View Market Depth

No.	Vol.	Price($)
19	582791	2.400
6	588182	2.390
7	475600	2.380
3	11878	2.370
6	123725	2.360

Price($)	Vol.	No.
2.420	7130	1
2.430	48719	3
2.440	25618	5
2.450	7130	1
2.460	7739	2

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last $2.41			Change -0.070 ( 2.20 %)
Open	High		Low	Volume
$2.47	$2.49		$2.41	1506311
Last updated 15.59pm 28/05/2024 ?

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