Why is there so much focus on an NCM t/o of AZY?
NCM can get up to 75% of their JV at a much lower cost - capital is king.
Further proof that it is unlikely is that NCM made no t/o offer for Greatlands at a time when Havieron was running hot.
True NCM have just under 10% of AZY but I believe the objective is to protect their interests rather than form the base of a t/o offer and therefore a very sensible precaution.
Recent Gold M&A in Australia - Big Premiums on Acquisitions, page-8
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Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $119.2M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.6¢ | 2.4¢ | $567.7K | 22.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 5116901 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 9434749 | 14 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| AZY (ASX) Chart |