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20.0¢ terracom limited

Ann: TerraCom Annual General Meeting Presentation, page-4

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w1londongroup

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29/11/23

15:01

Post #: 71171806
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Originally posted by shaidar1974: ↑

A little bit of vagueness in the comment, do they have a willing buyer (if they do, i would assume a ASX announcement would have been needed - not just in AGM presentation), or do the just have a for sale sign out the front.

I do find them trying to off load RSA a little odd. They only bought it 3.5 years ago, in what some would consider a fairly hostile takeover, for AU$100 million and at a bargain price at that - booking a $10 million gain (not common in business combinations).

RSA operations is making profits and providing cash to TER via dividends. Perhaps they bought something they really didn't want in the end or since they have lost control, don't really want it anymore. Or perhaps, just couldn't be bothered with RSA anymore and would prefer the cash to dividends or think they could use the cash for another investment which they will buy and sell 3 years later. Let's remember, Ransley was heavily involved with TER (director of UNV) during this takeover.

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I think you may find they have been trying for sometime so now they are announcing to the market intent to sell. With formal disclosure soon after. They want to buy here in Australia I would think and extend life of mine.

TER Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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Last 20.0¢		Change -0.010(4.76%)		Mkt cap ! $160.1M

Open	High	Low	Value	Volume
21.5¢	22.0¢	20.0¢	$282.5K	1.368M

Buyers (Bids)

No.	Vol.	Price($)
16	424198	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	20000	1

View Market Depth

No.	Vol.	Price($)
16	424198	0.200
3	35385	0.195
9	171000	0.190
7	461238	0.185
19	659810	0.180

Price($)	Vol.	No.
0.205	20000	1
0.210	122824	1
0.215	146341	1
0.220	91000	3
0.225	240465	4

Last trade - 16.10pm 14/08/2024 (20 minute delay)

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