You really think CBH board is considering if to accept the TO offer?
It's a strategy, to bring PEM (and their Chinese friends) on the table to seal a deal. Not necessarily merge with PEM, just setup a joint venture at broken hill. IMO, this is the best outcome for both PEM and CBH.
I really worried that Nyrstar increased their bid to 20-25, because if that's the case, the CBH board (and some of our share holders) might decide to accept.
I believe CBH's SP is worth more than 30. The worst is over, I see promising growth potential for CBH in the near future. The synergy from a JV with PEM will give us a big boost.
In addition, don't forget (and most people seems to have ignored) CBH is talking to a number of parties, not just Nyrstar. I do hope we will have some new Chinese friends on board (look at KZL, PNA, PEM, once the Chinese is involved, the SP has sky rocketed, lucky I hold and trade all of them).
The good thing from Nyrstar's offer is that it simply provides a floor, 13/13.5. If the SP is below 13, it's a no brainer.
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You really think CBH board is considering if to accept the TO...
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Last
8.0¢ |
Change
0.005(6.67%) |
Mkt cap ! $9.633M |
Open | High | Low | Value | Volume |
8.0¢ | 8.1¢ | 8.0¢ | $5.334K | 66.47K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49012 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 11110 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49012 | 0.078 |
1 | 102712 | 0.077 |
2 | 201275 | 0.075 |
1 | 100000 | 0.055 |
1 | 9800 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 11110 | 1 |
0.090 | 100000 | 1 |
0.094 | 85000 | 1 |
0.096 | 10553 | 1 |
0.100 | 60000 | 1 |
Last trade - 15.13pm 21/06/2024 (20 minute delay) ? |
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