Your spot on again here@VatreniHR
Here is your post again, it's so good it deserves an encore !
( Especially considering Chifeng paid 40c already for there +9% MTC shareholding in that placement on 22/12/2022 )
" There are 12 bidders (8 Chinese, 4 Western). Trans is only the first (western) bidder to play their hand. The real player here is Chifeng Gold from China who are also a substantial holder in MTC.
Chifeng's last acquisition was the Wassa mine (Ghana) in 2021 for $470m USD cash (3.8moz @ 3.8g/t inferred).
The Chinese don't bother with contingencies, they typically structure deals as a lump sump. I'm expecting Chifeng to come in here and bid around $70m USD as a lump sump payment. It might be higher if other bidders are keen on competing.
The main point here is the bidding process is being handled by Minmetals Securities, which is a subsidiary of China Minmetals, the second largest company in China and 58th in the world. Their 2022 revenue was $131.8bn USD. They have an immense network of connections globally. The arrangement is that they receive 5% of the total agreed sale price and I'm sure they'll work the bidders to achieve a higher price. "
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Your spot on again here@VatreniHR Here is your post again, it's...
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $46.29M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 23.5¢ | $213.3K | 871.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 37370 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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25.0¢ | 31617 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 37370 | 0.245 |
3 | 31600 | 0.240 |
1 | 100000 | 0.235 |
4 | 414229 | 0.230 |
3 | 94444 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 31617 | 2 |
0.255 | 38000 | 1 |
0.260 | 52642 | 2 |
0.270 | 17000 | 1 |
0.275 | 53625 | 2 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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