The deal is about materially gaining size, filling a production gap and reducing cost to allow for a higher P/E.
Which of these would be a significant benefit to Anglogold at that price. The Idea of mergers and the buy is the intention of 1 + 1 aiming to make 2.5.
Simplistic thinking or lack of experience and imagination on your behalf.
As for destroyed value, the stock is a significantly larger market cap than previously. FUther gains to come as per strategy in my comment above.
IMVHO
Tropicana, page-129
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Last
$1.76 |
Change
-0.005(0.28%) |
Mkt cap ! $1.325B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.75 | $4.830M | 2.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 71476 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 1005 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RRL (ASX) Chart |