AVB last traded at 7.7c. OZL has lobbed a bid on the table this morning at 17c. That's a big premium.
So, as far as i can see this is the third copper company on the ASX to see corporate activity. TGS, AOH and now AVB.
Clearly the market is not valuing these company's the same as the corporates - hence the 120% premium OZL has bid to the last closing price for AVB.
This space is heating up.
Oz Minerals (OZL) bids for Avanco Resource (AVB)
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Last
27.5¢ |
Change
0.010(3.77%) |
Mkt cap ! $211.1M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $36.67K | 136.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 47609 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 338630 | 10 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RXM (ASX) Chart |