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."
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $529.2M |
Open | High | Low | Value | Volume |
28.0¢ | 28.5¢ | 26.5¢ | $2.694M | 9.883M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 69242 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 346117 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 69242 | 0.270 |
6 | 256922 | 0.265 |
5 | 255846 | 0.260 |
4 | 210842 | 0.255 |
10 | 36503 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 230000 | 3 |
0.280 | 450000 | 4 |
0.285 | 141925 | 2 |
0.290 | 202500 | 2 |
0.295 | 140000 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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JMS (ASX) Chart |