I believe there is next to ZERO chance of a TO being lobbed any time before the DFS and enviro is granted. Sure there may well be enquires from potential offtakers or some other mining companies, but until it is de-risked further I can't see it happening.
it seems like now the only time a TO occurs is when it's a Scheme of Arrangement endorsed by the board (in the absence of any better offers). Outright hostile TO's on market these days are few and far between in mining, imo.
The 70% T20 shareholders won't be waiting this long only to accept an opportunistic bid. That is almost a guarantee!
If Sprott's Brock Salier is anything to go by, he is quoting some insanely expensive prices for various NPV scenarios.
And carrying on from Fitzy's comments last week, "next week" is now "this week", so we might be lucky and get some results on the value added processes.
An aside, there is strong talk that Tesla is going to bid for a very near term lithium producer in Brazil (Sigma Lithium on the TSX) for US$4b+....I think Tesla also said they want more nickel some time back too....
Patience will be rewarded here. We are so close......
- Forums
- ASX - By Stock
- Trading day running commentary
I believe there is next to ZERO chance of a TO being lobbed any...
-
- There are more pages in this discussion • 761 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
Add CTM (ASX) to my watchlist
(20min delay)
|
|||||
Last
35.5¢ |
Change
-0.005(1.39%) |
Mkt cap ! $176.1M |
Open | High | Low | Value | Volume |
35.0¢ | 36.0¢ | 34.5¢ | $65.06K | 185.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 25188 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 9719 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 25188 | 0.355 |
9 | 80543 | 0.350 |
9 | 59852 | 0.345 |
3 | 16237 | 0.340 |
4 | 68458 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 9926 | 3 |
0.365 | 16150 | 2 |
0.370 | 9201 | 3 |
0.375 | 6150 | 1 |
0.380 | 17900 | 4 |
Last trade - 13.46pm 24/07/2024 (20 minute delay) ? |
Featured News
CTM (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online