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
I’m getting the feeling that there may be plenty going on in the...
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Last
37.8¢ |
Change
0.008(2.03%) |
Mkt cap ! $705.5M |
Open | High | Low | Value | Volume |
36.5¢ | 38.5¢ | 36.5¢ | $663.1K | 1.755M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 368534 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 55830 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 357066 | 0.375 |
6 | 86575 | 0.370 |
8 | 46152 | 0.365 |
6 | 39863 | 0.360 |
5 | 109178 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 26039 | 3 |
0.385 | 277365 | 9 |
0.390 | 48662 | 7 |
0.395 | 99161 | 10 |
0.400 | 241678 | 8 |
Last trade - 11.25am 14/06/2024 (20 minute delay) ? |
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Last
38.0¢ |
  |
Change
0.008 ( 4.02 %) |
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Open | High | Low | Volume | ||
37.0¢ | 38.5¢ | 37.0¢ | 962752 | ||
Last updated 11.46am 14/06/2024 ? |
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OBM (ASX) Chart |