A higher bid from MLX or other would not surprise me. BTR's proposal values AME at circa $0.06 per share (based on BTR shares valued at $0.015/share). This values AME at approx. $45 million, which IMO is a bit cheap based on AME's resources and ground position - BTR's own presentation released on 01/08/24 shows the cheap metrics of the proposed takeover (the Sandstone and Montague acquisitions combined) of $35 per resource oz on page 11. This is one of the cheapest multiples for recent takeovers as shown in the presentation.
IMO, I would expect AME to attract a higher multiple based on their higher grade and better quality resource and very attractive ground position around Sandstone.
Let's see what happens.
GLTA & DYOR
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Last
6.4¢ |
Change
0.002(3.23%) |
Mkt cap ! $46.17M |
Open | High | Low | Value | Volume |
6.2¢ | 6.4¢ | 6.2¢ | $128.7K | 2.037M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 222223 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.4¢ | 106419 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 222223 | 0.063 |
2 | 430000 | 0.062 |
2 | 882765 | 0.061 |
4 | 978000 | 0.060 |
2 | 48685 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 106419 | 1 |
0.065 | 1366187 | 4 |
0.066 | 200000 | 1 |
0.067 | 151027 | 2 |
0.068 | 400000 | 2 |
Last trade - 15.57pm 13/09/2024 (20 minute delay) ? |
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