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
- Forums
- 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...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OBM (ASX) to my watchlist
|
|||||
Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $622.1M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 33.5¢ | $93.99K | 279.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 131886 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 980220 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 131886 | 0.335 |
2 | 70000 | 0.330 |
2 | 146666 | 0.325 |
6 | 266547 | 0.310 |
2 | 76803 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 224943 | 4 |
0.345 | 23000 | 1 |
0.350 | 500 | 1 |
0.355 | 40000 | 2 |
0.360 | 52500 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
OBM (ASX) Chart |