Company is in a better position now than it was two years ago when stock was trading around $1 (Gold Price!!!!).
It seems to me that the takeover was more forced on Anglo than anything. Anglo already held 19.9% and with the share buy-back in place cancelling shares on an almost daily basis this has pushed them over the 20% limit where they must launch a formal takeover or start selling. Doubt they'll get many takers at this price. At least this will push the Royalco story out into the mainstream which will hopefully attract some more supporters and start pushing us up to fair value which I believe is currently around 80c....
- Forums
- ASX - By Stock
- takeover at 30c!!
Company is in a better position now than it was two years ago...
-
- There are more pages in this discussion • 7 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
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares