CZR 1.82% 27.0¢ czr resources ltd

I will be voting yes. The way I look at it is it makes sense for...

  1. 329 Posts.
    lightbulb Created with Sketch. 87
    I will be voting yes. The way I look at it is it makes sense for Rio to own this deposit. Rio won’t need to bid for it if the deal is voted down as they could pick it up cheap down the track. IMO Rio will only bid if it has to - ie it’s going into the hands of Miracle.

    The risks as I see them are -

    The deal gets voted down - FMG could possibly block it on their own ? With Creasy not able to vote that blocks > 50% of votes so FMG with 10% of the remaing 45% (or so ) could possibly block it ? Do we need 50% or 75% of votes for the deal to succeed. Not sure why FMG would block it, maybe to do a deal on the cheap at a later date ?

    Other risk is FIRB blocks it - although I believe this is unlikely.

    I’m hoping Rio bids but for the reasons above they may feel they don’t have to.

    GLTAHs



 
watchlist Created with Sketch. Add CZR (ASX) to my watchlist
(20min delay)
Last
27.0¢
Change
-0.005(1.82%)
Mkt cap ! $63.64M
Open High Low Value Volume
27.5¢ 27.5¢ 26.0¢ $13.90K 50.86K

Buyers (Bids)

No. Vol. Price($)
2 25000 26.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.0¢ 13865 1
View Market Depth
Last trade - 14.42pm 06/06/2024 (20 minute delay) ?
Last
27.0¢
  Change
-0.005 ( 3.85 %)
Open High Low Volume
26.5¢ 27.0¢ 26.5¢ 13680
Last updated 13.02pm 06/06/2024 ?
CZR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.