"the offer will be much less than 62c"
So you think they are going to reduce the offer by 20%? What is much less as it is definitely more then less?
Hanlong have basically secured SDL as the directors have supported the bid (bad day for SDL). Of course we have the regulatory approvals, but it should be OK as the asset is not in Aus, even though they would look at IO miners in Aus and what impact this has, etc, etc.
Either way Hanlong have money and the networks to source more.
There could be a chance of holding off as the world crumbles, but Hanlong know they don't want this to slip, as BMN have a big resource which will produce over many long years.
My gamble is still for a higher bid around 70c, give or take a few each way. My previous call at 70c-80c was thought out with more detail after my post, and wont happen IMO.
does hanlong have enough money for bmn, page-3
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Last
$3.12 |
Change
-0.040(1.27%) |
Mkt cap ! $548.4M | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.21 | $3.08 | $1.621M | 516.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 191 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 5000 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |