Lack of a DFS for the new setup (Speewah, Vanadium focus, back to Darwin, who knows what size and type of processing plant is now being envisioned, etc etc) would be a big drawback for any company looking to takeover TNG. As would lack of a firm capital costing and environmental approval.
Another company might take the punt if they could get it very cheap but there are lots of unknowns and risks that would make a bid unlikely ATM, IMO.
Having said that, $750m is 50c a share. (That’s a wildly optimistic figure plucked out of my bottom BTW - a lot more work is needed to get to that sort of possible valuation.) Long term worth a lot more, IMO, but I’d be tempted to grab 50c and run.
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Last
4.9¢ |
Change
0.003(6.52%) |
Mkt cap ! $84.64M |
Open | High | Low | Value | Volume |
4.8¢ | 4.9¢ | 4.6¢ | $78.66K | 1.639M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 73342 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 452199 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 73342 | 0.049 |
7 | 795832 | 0.046 |
15 | 1190993 | 0.045 |
2 | 95608 | 0.043 |
1 | 100000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 452199 | 2 |
0.051 | 110669 | 5 |
0.055 | 8080 | 1 |
0.057 | 25000 | 1 |
0.059 | 423800 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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