Hmm even if there was a takeover, at these crazy prices for a 1.28moz confirmed resource, you can guarantee there will be a bidding war. I can’t see it getting sold for less than 20c per share after any bidding war. The resource is worth well above that anyway. Bargain prices. Imo people would be silly to sell at these levels anyway because any takeover would be more than 4x current prices. That’s a big return to miss out on.
I would still be disappointed as I am looking long term to mining and a much greater resource. However we can’t change the market right now unfortunately.
- Forums
- ASX - By Stock
- AUC
- Something is wrong here
Something is wrong here, page-3
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUC (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.36M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AUC (ASX) Chart |
Day chart unavailable
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
Previous Video
Next Video
SPONSORED BY The Market Online