Ideas of a takeover of GRR are even less likely than Putin pulling out of the Ukraine and gas prices getting back to normal. Here’s why in my words…
A wealthy entity would have to first see value (beyond GRR management are capable of - GRR have no influence on gas or iron ore prices) and make an offer, then majority of shareholders would have to agree to the offer which GRR board would accept.
However the possibility of that scenario doesn’t match reality since GRR shareholders and board is dominated by Shagang, a Chinese company and Clement Ko that won’t agree to any offer.
GRR while being an ASX public company of 1,157, 338, 698 individual shares has 547,495,912 or 47.31% shares free floating (able to be purchased in the mark
et). Hence buy up of free float wouldn’t translate into a majority of shares.
Hopefully this puts an end to speculation of a takeover?
Ann: Underground DFS shows value uplift and long-life mine, page-28
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Last
27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $324.0M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 26.0¢ | $576.4K | 2.135M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 249773 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 28029 | 6 |
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| Last trade - 13.12pm 15/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |