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....
Ann: Suspension from Official Quotation, page-13
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Last
$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 |
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| Last trade - 10.50am 02/09/2024 (20 minute delay) ? |
| GMD (ASX) Chart |