There is little chance Tim Goyder would sell Zara under 100m so would expect atleast 40c a share after the announcement.
Tim has invested plenty of his personal wealth into Chalice in 2011 including a buy around 50c and then plenty of buying at around the 30c level.
For him to sign a letter of intent to sell Zara means to me that the offer was at a fair premium to current SP.
I'm happy to buy under 30c.
non-binding letter , page-11
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$1.21 |
Change
-0.075(5.86%) |
Mkt cap ! $468.7M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.27 | $1.21 | $4.118M | 3.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 51512 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 46358 | 2 |
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