I’m getting the feeling that there may be plenty going on in the background with regards to future M & A and consolidation
in the Aussie gold producer sector.
I have always thought that Hawkes Point may be a seller when the stock price runs up because
- over 50 cents it’s a handsome profit (albeit painful getting here)
- they have been locked in for 10 years plus
- OBM must now be taking up a disproportionate % on their gold fund
I think corporates may also now pay a handsome premium to secure a majority stake in OBM … and Hawkes Point may be willing to sell, but also want to share in further upside of the assets by taking a cocktail of shares and cash from a larger established gold producer (like Silver Lake, Genesis, Bellevue, Evolution, Gold Road, Ramelius etc)
When one takes into consideration OBM’s
- replacement value of plant/resources
- tax losses (over $350 million)
- future cashflows from 2 undergrounds (100’s millions)
- exciting exploration upside
A $1.2 billion + valuation (half cash/half shares) is not unrealistic at all … imho
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- If Hawkes not buying … they may be selling later this year
If Hawkes not buying … they may be selling later this year, page-45
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Last
42.0¢ |
Change
-0.010(2.33%) |
Mkt cap ! $780.9M |
Open | High | Low | Value | Volume |
43.0¢ | 43.0¢ | 42.0¢ | $748.7K | 1.753M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 164604 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 75252 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 164604 | 0.420 |
3 | 155711 | 0.415 |
3 | 185300 | 0.410 |
4 | 129185 | 0.405 |
7 | 100536 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 75252 | 4 |
0.435 | 5500 | 1 |
0.440 | 285723 | 3 |
0.450 | 203759 | 7 |
0.460 | 106850 | 3 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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