If I was an ORR holder I'd rather have exposure to a growing gold producer in West Africa, rather than a silver-focussed producer with mines in China.. there are no synergies there.
I don't think JQ is going to throw the kitchen sink at this, PRU have a history of fiscal responsibility and shrewd deal making at the right price. If ORR start trying to play games, PRU probably have one more revised bid in them, otherwise I believe they'll walk.
The ASX is littered with recent examples of Aussie producers doing their dough on dud deals or over-paying for assets, SBM and RRL spring to mind. PRU just need to hold the course.
Ann: Perseus announces intention to make takeover bid for OreCorp, page-14
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Last
$2.75 |
Change
0.060(2.23%) |
Mkt cap ! $3.784B | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.76 | $2.70 | $8.363M | 3.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8144 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.76 | 49231 | 6 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| PRU (ASX) Chart |