I completely understand your point and dont want PRU to be frivolous or ill-disciplined with their cash, but if the deal needs to be bumped 10% (or A$25m at 0.55c/sh ORR), or US$15m, then I am fine with that so long as Jeff and team think it will deliver value to PRU shareholders in excess of that incremental US$15m over a 3-5 year period.
I say that in context of the fact that that bump would represent ~1.2% of PRU's market cap and 2.8% of PRU's cash balance...
Ann: Perseus announces intention to make takeover bid for OreCorp, page-30
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Last
$2.35 |
Change
-0.010(0.42%) |
Mkt cap ! $3.261B | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.41 | $2.35 | $1.661M | 697.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 59365 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 105954 | 46 |
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| Last trade - 11.15am 10/09/2024 (20 minute delay) ? |
| PRU (ASX) Chart |