Expect any takeover premium to come out of this now that the logical predator is selling out. Goldfields was long thought to eventually make a move to one 100% of the project so this will come as a surprise to the market. With 10% of the stock hitting the market it means any buying demand is now satisfied and the all else being equal, share price is going no where for a while.
It also says a lot about what the equal owner of the project thinks about the valuations. It has decided to take the money and run. Make your own judgement on what it means.
If the price doesn't fall away too much tomorrow this will be a good short trade for me.
Expect any takeover premium to come out of this now that the...
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Last
$1.76 |
Change
0.025(1.44%) |
Mkt cap ! $1.907B | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.80 | $1.75 | $4.952M | 2.802M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13354 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 1256 | 1 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| GOR (ASX) Chart |