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.
If I was an ORR holder I'd rather have exposure to a growing...
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Last
$2.41 |
Change
-0.070(2.82%) |
Mkt cap ! $3.379B | |||
| 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
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
$2.41 |
Change
-0.070 ( 2.20 %) |
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| Open | High | Low | Volume | ||
| $2.47 | $2.49 | $2.41 | 1506311 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| PRU (ASX) Chart |