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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I've never thought of the process like this before, but Okenia...
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31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $617.4M |
Open | High | Low | Value | Volume |
31.0¢ | 31.8¢ | 30.0¢ | $942.4K | 3.032M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 219760 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.305 |
5 | 185307 | 0.300 |
2 | 180000 | 0.295 |
5 | 133690 | 0.290 |
7 | 343450 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 158408 | 1 |
0.320 | 364584 | 6 |
0.325 | 172779 | 4 |
0.330 | 191005 | 9 |
0.335 | 585190 | 3 |
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