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20.5¢ st barbara limited

seems Raphael Lamm neglected to read the part of the arrangement...

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Elliob

85 Posts.

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30/05/23

19:30

Post #: 68042305
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Originally posted by bikemad: ↑

From the AFR story today.

L1 Capital owns more than 9 per cent of St Barbara and chief investment officer Raphael Lamm and said it would be “highly disappointing” if a rival suitor to Genesis was not embraced by the St Barbara board.“I find this further revelation ... to be highly disappointing,” he said. “I call on the St Barbara board to finally enable all interested parties to be invited for discussions and if relevant, due diligence.”

also

But Baker Steel Capital Managers partner David Baker said he hoped St Barbara’s board could negotiate a delay to the shareholder meeting beyond June 30 to create the time and space for all bids to be considered.

So a couple of our largest shareholders are pressuring the board. I think there is more to play out here so imo it is a little premature to be firing off the voting form. Be informed as possible before committing.

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seems Raphael Lamm neglected to read the part of the arrangement that prevents SBM from soliciting other bids

SBM Price at posting: 53.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 20.5¢		Change -0.005(2.38%)		Mkt cap ! $167.6M

Open	High	Low	Value	Volume
21.5¢	21.5¢	20.5¢	$250.4K	1.202M

Buyers (Bids)

No.	Vol.	Price($)
20	739664	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	177559	4

View Market Depth

No.	Vol.	Price($)
18	697164	0.205
27	1260783	0.200
19	921951	0.195
24	459578	0.190
13	806998	0.185

Price($)	Vol.	No.
0.210	177559	4
0.215	319523	5
0.220	240000	3
0.225	209377	8
0.230	378934	9

Last trade - 16.10pm 29/07/2024 (20 minute delay)

SBM (ASX) Chart