CZR 1.79% 28.5¢ czr resources ltd

creasy had 13% of AZS, this time around he owns 52% of all...

  1. 377 Posts.
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    creasy had 13% of AZS, this time around he owns 52% of all shares in CZR

    I reckon this is will be a life changing event for most retail holders, time will tell but do the sums :-

    it would cost Rio $49 all up
    pay CZR $20 ($660,000,000) 20c current x 7.5 $1.50 price

    = $69

    spot price is $141

    margin is $72

    x 33,000,000

    profit for Rio = something like $2.3 Billion
    Last edited by imbroglione: 28/12/23
 
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