ampella and gryphon can not combine their operations and it wont bring any benefit in terms of sharing infra or cost eventhough they are neighbours...both companies mine constrction cost stands on its own and it is anticiptated to be around 300m...gryphon has very high grade shallow resource and it does not need to be grinding for recovery...so gryphon production cost per 0z would ne approximately 100 per oz lower..apart from that the gold mine, semafo,assumed to be a bidder for ampella, has started off with similar stages and the capex cost funding finance was inferred from 150 per oz in 2008 when gold prices were around $1000(or may be lower not sure)...
imo bid was initiated around $1 share price so I assume if bidder is seriously interested they would have at least 400m to 500m range for takeover...I clearly believe ampella will reject the offer if it is less than 400m...
even by paying expending 1b (bid and construction) any cash rich company could make 3b easily out of 4m oz...
AMX Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)