The median price of gold for the month leading up to the TO offer calc baseline of (26/9/23 to 27/10/23) was USD $1,887.30/oz and the average price of gold was USD $1,901.05/oz.
Thereafter (from 30/10/23 to 1/12/23) median price of gold has been $1,986.40/oz, with the average being $1,988.66/oz. On the POG alone this represents a 5% increase when comparing the median / average.
Providing the median / average gold price is maintained in CY2024, Tietto is expected to produce 170koz of gold at an AISC of US$1,085/oz meaning extra cash in CY24 of 170,000 oz @ $100 USD/oz = $23,000,000 extra free cash than envisaged at time of making its lame offer.
Do nothing and reject the offer...
- Forums
- ASX - By Stock
- Ann: Takeover - extension of offer period
The median price of gold for the month leading up to the TO...
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TIE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online