Yeah - all we can go on is intuition and gut feelings at the moment. I'm of a similar opinion to yourself that maybe GMD might have seen a better option/possibility of a transaction which swings the scales more in their favour, its unclear if thats getting the SBM assets at a cheaper price is it or if its another merger or asset that might be strategically a better option instead or or in addition to the SBM assets.
Whatever the case the negotiating position might have changed and SBM might be a "nice to have but only at a better price" option rather than a must-have.
The other option is maybe SBM woke up to the increasing gold price and possible improved sentiment in the gold space and think that they can negotiate a better deal....
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$2.14 |
Change
-0.130(5.73%) |
Mkt cap ! $2.401B |
Open | High | Low | Value | Volume |
$2.21 | $2.21 | $2.13 | $1.814M | 839.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 219184 | $2.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.14 | 44178 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 219184 | 2.130 |
15 | 85007 | 2.120 |
11 | 54147 | 2.110 |
13 | 307477 | 2.100 |
5 | 22501 | 2.090 |
Price($) | Vol. | No. |
---|---|---|
2.140 | 35117 | 17 |
2.150 | 133445 | 32 |
2.160 | 115378 | 18 |
2.170 | 136506 | 23 |
2.180 | 42098 | 12 |
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