"..yet he allowed the sale to EVN to go thru at $3.73 effectively valuing the EKJV below the NST offer......................" Worzel1
On my calculations, TBR owns 36.5% of the EKJV. EVN just paid $45M for 20% of TBR. Therefore (assuming TBR's only asset is the EKJV) EVN effectively owns 7.5% of the EKJV which it paid $45M for which in turn values the total EKJV at circa +$600M and therefore RND & TBRs share at +$300M which is well above the $150M NST offered.
Given where the gold price is now and the circumstances around the sale of the shares I would think the value of the EKJV is well north of $600M. DYOR
TBR offered to buy out NST stake in EKJV after 'insulting" offer, page-13
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Last
$3.84 |
Change
0.170(4.63%) |
Mkt cap ! $201.4M | |||
| Open | High | Low | Value | Volume |
| $3.70 | $3.89 | $3.55 | $104.2K | 27.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1279 | $3.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.92 | 492 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| TBR (ASX) Chart |