How strategic would it be if they bid for minatour exploration or demetallic the spin off after they have received thier ADN stake.
They would have ready deposits to mine like Jerricho right near the mine to blend etc. I think with near 40 mill plus in cash at the end of the quarter a cash bid with extinguishment of OZ minerals debt for tenements around Eloise just makes sense. (offer $1/dematallica share and clear oz- 34mill roughly)
That's actually great organic growth for a1 mines and non dilutive to existing shareholders, also this accelerates expansion possibilities as well.
Thoughts wether this is a possibility and wether it makes sense?
cheers
How strategic would it be if they bid for minatour exploration...
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Last
33.0¢ |
Change
-0.015(4.35%) |
Mkt cap ! $189.9M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.0¢ | 33.0¢ | $207.7K | 619.5K |
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| No. | Vol. | Price($) |
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| 9 | 253786 | 33.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 23265 | 1 |
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| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| A1M (ASX) Chart |