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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- ASX - By Stock
- If Hawkes not buying … they may be selling later this year
I’m getting the feeling that there may be plenty going on in the...
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Last
36.0¢ |
Change
-0.015(4.00%) |
Mkt cap ! $668.3M |
Open | High | Low | Value | Volume |
37.0¢ | 38.5¢ | 36.0¢ | $408.3K | 1.109M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 90497 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.5¢ | 9308 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 90497 | 0.360 |
4 | 148315 | 0.355 |
4 | 69585 | 0.350 |
2 | 15000 | 0.345 |
1 | 294117 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.365 | 9308 | 1 |
0.370 | 73490 | 3 |
0.380 | 15000 | 1 |
0.385 | 324781 | 3 |
0.390 | 60723 | 3 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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OBM (ASX) Chart |