SRX sierra rutile holdings limited
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'Well Veridian get some help with the currency, since their...

  1. cafa
    8,918 Posts.
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    04/05/18
    15:03
    Post #: 32889982
    'Well Veridian get some help with the currency, since their initial offer. I'm sure they won't walk away. It's a great fit for them.'

    They paid $16m to hedge the currency so they probably have little room to move based on the FOREX gains over the past 2 months. However another US bidder could justify an extra 8% just on the FOREX, which would take it to above $30, so there would only be about a 10% extra to get to the new offer price.
    SRX Price at posting: $27.85 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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