Have just had a closer look at the OEL presentation and they have been offered $0.10 fo their 33% stake in Galoc.
6c per share cash and another 39million to fully fund there work program for the next 2 years and are currently trading at 9.2c a share.
On the other hand NDO have been offered 5.5c per share for our 22% stake plus the other assets and debt and cash.
Looks to be about $30 to $40 million shy of a good deal for NDO holders!
OEL get 10c per share for 33% Galoc
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Last
77.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $176.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 650 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 6000 | 1 |
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| Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
| NDO (ASX) Chart |
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