BWN bhagwan marine limited

Hi guysAny ideas why Bowens next door neighbour valued RCI at...

  1. 554 Posts.
    Hi guys

    Any ideas why Bowens next door neighbour valued RCI at $200m and BWN is only worth $8 m.

    I can't work it out. Lets hope the authorities can work it out.

    Jindal matches Meijin’s Offer to acquire RCI at A$0.52 per share On 22 September 2009, the Directors of Rocklands Richfield Limited (RCI or Company) announced that RCI had entered into a Term Sheet with Jindal Steel & Power Limited (Jindal) setting out the principal terms on which Jindal proposed to acquire 100% of the shares in RCI at $0.42 cash per share (Jindal Proposal), valuing RCI at A$146 million. On 5 November 2009, the Directors of RCI announced that RCI had received an unsolicited conditional offer from Meijin Energy Group (Meijin) to acquire RCI (Meijin Proposal) at an offer price of A$0.52 per share, valuing RCI at A$200 million. On 6 November 2009, following discussions between RCI and Jindal, RCI received a revised proposal from Jindal (Revised Jindal Proposal) at an indicative offer price of A$0.50 per share on a fully diluted basis, valuing RCI at A$194.98 million. As set out in RCI’s announcement on 9 November 2009, the RCI Board had carefully considered the Revised Jindal Proposal, and had formed the view that the Meijin Proposal remained the superior proposal, and invited Jindal to further revise its proposal by no later than 11:00am (New Delhi time) on 9 November 2009. On 9 November 2009, Jindal submitted a further revised offer to RCI (Further Revised Jindal Proposal)
 
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(20min delay)
Last
57.0¢
Change
-0.015(2.56%)
Mkt cap ! $156.8M
Open High Low Value Volume
59.0¢ 59.0¢ 57.0¢ $40.07K 69.05K

Buyers (Bids)

No. Vol. Price($)
5 86375 57.0¢
 

Sellers (Offers)

Price($) Vol. No.
58.5¢ 31746 1
View Market Depth
Last trade - 12.09pm 08/08/2025 (20 minute delay) ?
BWN (ASX) Chart
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