At rums current share price, this offer is only valued at around 2-2.1c (similar to their previous offer's value at its time when RUM shares were at 21c and not 13.5c)
In my opinion it is irrational to claim that this offer provides a value of 2.88 cents to CEN shareholders, because i can buy rum shares on market for 13.5-14c, so that is its value, not some fair value as given by a valuation.
if that was the case, one RIO share would be of value $70 to me? No. its valued at $54-55 to me because that is what I can pay to own it..
In my opinion monument mining is still a better deal given the currnet value of a RUM share. monument offers to buy up to 51% of CEN at over $8, valuing our company at around $16-17m. Not only that, with a nice cash injection (although diluted) shareholders will still reap rewards from what is in the ground (which we all know is worth a lot more)
At rums current share price, this offer is only valued at around...
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Last
$7.82 |
Change
0.010(0.13%) |
Mkt cap ! $2.003B | |||
| Open | High | Low | Value | Volume |
| $7.81 | $7.83 | $7.81 | $15.26K | 1.954K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2000 | $7.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.96 | 1262 | 1 |
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| Last trade - 15.59pm 27/08/2024 (20 minute delay) ? |
| CEN (ASX) Chart |