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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77.5¢ |
Change
-0.035(4.32%) |
Mkt cap ! $118.8M |
Open | High | Low | Value | Volume |
81.0¢ | 82.0¢ | 77.5¢ | $115.4K | 145.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6900 | 77.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.0¢ | 2676 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7156 | 0.775 |
2 | 13900 | 0.770 |
1 | 2450 | 0.765 |
3 | 8250 | 0.760 |
2 | 4930 | 0.755 |
Price($) | Vol. | No. |
---|---|---|
0.780 | 2676 | 5 |
0.785 | 662 | 1 |
0.800 | 2250 | 1 |
0.805 | 2800 | 2 |
0.810 | 13000 | 3 |
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