JMS 0.96% 25.8¢ jupiter mines limited.

Tshipi bidders narrowed down as 2nd round approaches, page-2

  1. 2,336 Posts.
    lightbulb Created with Sketch. 19
    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."
 
watchlist Created with Sketch. Add JMS (ASX) to my watchlist
(20min delay)
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
Last trade - 11.20am 26/07/2024 (20 minute delay) ?
JMS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.