For me its a no-brainer. The deal goes through, we have have cash backing higher than our market cap. The deal doesnt go through, we retain a world class asset that the market valued at multiples of the current share price not that long ago.
Short term mentality of the market that we may not see anything until June is fine by me - i'll wait it out the three months see potentially 100% returns. Maybe not, but I really cant see too much downside from here.
Goyder buying should say it all.
nowhere land, page-2
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Last
$1.33 |
Change
0.085(6.85%) |
Mkt cap ! $515.3M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.34 | $1.24 | $4.618M | 3.557M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45000 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 3824 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |