anferni
Great post. You are right, MLI is a discounted buy of DRD shares for those who believe in the future of this company. The MLI takeover, if it takes place, is a major bargain for DRD and will be a significant milestone towards the transition from a costly underground mining venture to a less-riskier tailing producer.
Bottom line is that MLI shareholders will benefit from the discount if the deal gets done and, even if not, there is upside in the sp. I assume the management is willing to support the takeover and the only parameter is the price to be paid.
anferniGreat post. You are right, MLI is a discounted buy of DRD...
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $15.43M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $64.43K | 4.609M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 4972463 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 387019 | 1 |
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| LRL (ASX) Chart |