Well...
now we are in business, and... I can only look into the sky and wonder at the chances of RMS just lobbing a T/O offer at AOP this morning! (which is basically a done deal IMO, considering the offer price ($163m!! For 1.2m in MRE.... that's it.... no plant, etc etc) So what I viewed as the most logical buyer of GCY has just shown it has its sights set elsewhere....
Just shows how stupidly cheap GCY is.
But I have to tip my hat to WGX, unless an offer comes from a different entity, WGX is likely to now succeed with their bid (perhaps just offer a small increase in the offer to get the major holder to agree).... bit guttered, but... that is the market for you.
I expect the share price to start firming up ironically, as the spread between the offer price and the current share price is quite large.
Interested to hear others thoughts, now that things in my view, have changed so quickly.
Ann: WGX: Westgold's Bidder Statement for Gascoyne Resources, page-2
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Last
$1.29 |
Change
0.035(2.80%) |
Mkt cap ! $1.429B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.31 | $1.25 | $8.109M | 6.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29952 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 40389 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| SPR (ASX) Chart |