I can't speak for anyone else but although highly unlikely at this stage I wouldn't be upset taking a $1b takeover offer. Hell I'd probably take $750m to be honest.
I know current project npv is nearly $2b with current copper prices but I reckon between the wait time, general uncertainty about a great many things and the fact realistically capex will probably be closer to $2b rather then the stated $1b I think getting a half decent takeover now could be much better then taking the risk of trying to advance the project.
I have flip flopped on this subject previously but between the lack of drilling upside from our many targets and my general lack of faith in management I would be happy to let some value go if it means getting at least some of it.
Just my opinion
I can't speak for anyone else but although highly unlikely...
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Last
$1.05 |
Change
-0.020(1.87%) |
Mkt cap ! $125.4M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.07 | $1.04 | $878.8K | 838.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 66159 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 42909 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.06 |
Change
-0.020 ( 1.61 %) |
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| Open | High | Low | Volume | ||
| $1.06 | $1.07 | $1.04 | 145732 | ||
| Last updated 15.49pm 10/05/2024 ? | |||||
| HCH (ASX) Chart |