I love a take over. However, recently there are only "Merging" of U companies, probably to reduce duplication and save cost. The majority of Miners are strugging themselves now. They are trying to save cash to pay down debt. It is difficult to convince the board to use cash to buy other companies. One possibility is to issue shares to buy. Cameco has prepared 1 billon from Dec 2014 for that purpose. I don't mind to exchange PDN shares for CCJ (CCO) shares if the exchange rate is reasonable.
The reality is lots of acqusition occur when the SP is high. The Big Miners like to buy high and sell low.
I love a take over. However, recently there are only "Merging"...
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Last
$13.24 |
Change
-0.230(1.71%) |
Mkt cap ! $3.951B | |||
| Open | High | Low | Value | Volume |
| $13.66 | $13.70 | $13.24 | $115.9M | 8.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 60263 | $13.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.29 | 42663 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |