Yes, I agree it is too premature from a HCH shareholder point of view. From a third parties point of view, perhaps not, although how they would value those unknowns is unclear.
I think a T/O offer is far-fetched in the very short term, but would be more surprised than not if nothing comes between now and Christmas. M&A activity is going to pick up, and contrary to what the market may think, some of these big miners have a sound balance sheet and are going to capitalize on low interest rates, shareholder understanding for high debt, and growing government support to kick the economy down the line a bit more.
All speculation on my end, but the crux of my query is how the market is going to value the ME. If its close to Winu, then I imagine $400-$500mil is the start, not the end, of any valuations. Which is a 4/5 bagger from here, which doesn't seem right as from my experience investing is not as easy as coming in at the last minute before a ME which propels the company times 5...but my research seems to indicate that a ME close to Winu is not outlandish and therefore it may really be that easy and this could be a Steven Bradbury type scenario
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Last
96.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $145.2M |
Open | High | Low | Value | Volume |
96.5¢ | 98.0¢ | 94.5¢ | $98.95K | 102.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20600 | 94.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
96.0¢ | 448 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20600 | 0.940 |
2 | 8042 | 0.935 |
7 | 8072 | 0.930 |
4 | 16731 | 0.925 |
1 | 5500 | 0.920 |
Price($) | Vol. | No. |
---|---|---|
0.960 | 448 | 1 |
0.975 | 10000 | 1 |
0.980 | 20618 | 1 |
0.985 | 1016 | 1 |
0.990 | 509 | 1 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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HCH (ASX) Chart |