Good news I think. Funding through internal sources I'd assume means no dilution. SMR should be among the most valuable coal companies on the ASX, a comparative analysis on the weekend may be in order.
The final 20% will likely cost less than the initial 80% (US$1.5B for 80%) given that the US$360 million purchase price is likely to reduce with the large dividend payment. This is fair given the royalty increase.
Ann: STANMORE TO ACQUIRE REMAINING 20% INTEREST IN SMC FROM MITSU, page-3
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Last
$3.94 |
Change
0.020(0.51%) |
Mkt cap ! $3.551B | |||
| Open | High | Low | Value | Volume |
| $3.96 | $3.99 | $3.89 | $3.726M | 946.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4568 | $3.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.94 | 15274 | 3 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| SMR (ASX) Chart |