My friend, MEI bought their asset for $20m and went to $750m at peak
BRE bought their asset from Rio Tinto for $30m and are now $600m and $850m at peak
It is simply called value accretive acquisitions, the vendor was a phosphate company and this was non core for them. The vendor is also a 10% equity holder of SGQ so they are exposed to the upside also.
Maybe the miner next door did try but they gave no equity to the vendor thus no upside, while SGQ gave 10% equity to the vendor.
What a great acquisition.
SGQ - Ex CBMM Boss looking to develop SGQ'S ARAXÂ project - Commentary, page-20
-
- There are more pages in this discussion • 225 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SGQ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.0¢ |
Change
-0.002(6.25%) |
Mkt cap ! $32.65M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.3¢ | 3.0¢ | $189.8K | 6.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 4085102 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 327499 | 3 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| SGQ (ASX) Chart |