I've never thought of the process like this before, but Okenia on LSE is spot on with his/her insights in my opinions:
Quote:
"I suspect the IPO idea is little more than a negotiating stance. To show that if a good trade sale price isn't offered, they can walk away and go down a different route.
The other messaging is the buyback price which is a non-subtle way of indicating their reserve / starting price.
Given the paucity of good new Tier 1 projects to replenish the asset inventories of the majors (not least due to them withdrawing from exploration in recent years), I'm sure there will be very strong interest in a low cost very long mine life T1 asset like Tshipi. A trade sale must be the odds-on favourite outcome."
- Forums
- ASX - By Stock
- JMS
- Tshipi bidders narrowed down as 2nd round approaches
Tshipi bidders narrowed down as 2nd round approaches, page-2
-
- There are more pages in this discussion • 23 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 JMS (ASX) to my watchlist
|
|||||
Last
25.8¢ |
Change
-0.003(0.96%) |
Mkt cap ! $494.9M |
Open | High | Low | Value | Volume |
25.5¢ | 25.8¢ | 25.3¢ | $194.1K | 762.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 219541 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 951207 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 152665 | 0.255 |
12 | 542723 | 0.250 |
16 | 547720 | 0.245 |
21 | 669765 | 0.240 |
9 | 225167 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 1015458 | 19 |
0.265 | 511035 | 10 |
0.270 | 354267 | 10 |
0.275 | 1381774 | 15 |
0.280 | 416058 | 10 |
Last trade - 11.20am 26/07/2024 (20 minute delay) ? |
Featured News
JMS (ASX) Chart |