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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Last
31.3¢ |
Change
0.018(5.93%) |
Mkt cap ! $597.6M |
Open | High | Low | Value | Volume |
30.0¢ | 31.5¢ | 30.0¢ | $1.732M | 5.647M |
Buyers (Bids)
No. | Vol. | Price($) |
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36 | 845447 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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31.5¢ | 1218930 | 23 |
View Market Depth
No. | Vol. | Price($) |
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27 | 814702 | 0.310 |
9 | 197958 | 0.305 |
8 | 297734 | 0.300 |
20 | 342690 | 0.295 |
21 | 448222 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 1218930 | 23 |
0.320 | 4015797 | 21 |
0.325 | 389076 | 10 |
0.330 | 847094 | 18 |
0.335 | 183394 | 5 |
Last trade - 12.55pm 10/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 13.09pm 10/05/2024 ? |
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