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56.5¢ orecorp limited

Ann: Scheme Meeting Postponed, page-11

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Gwaihir

5,173 Posts.

3788

01/12/23

14:49

Post #: 71221447
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Originally posted by nordesmic ↑

I see Silvercorp being severely constrained to up their offer materially.

They are US$500M company and need to fund a US$500M project if they manage to complete the take over (although do have US$200M in cash). This ain't Shandong or Nordgold.

Issuing a load more new stock would be pretty dilutionary pretty quickly too.

Their last 'increased' offer was a bit of a joke since it was below the original implied 60c offer.

They bought a pistol to the fight and Perseus have a bazooka of cash reserves and liquid, solid scrip.

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Excellent Nord, and while you mention bringing a pistol to a fight, compared to a Bazooka, I find that PRU reminds me of Clint Eastwood, while Silvercorp are the 4 Baxter men.

Gw

ORR Price at posting: 51.5¢ Sentiment: None Disclosure: Held
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