"Back in 2010 Pallinghurst Resources bid for OM Holdings. Later withdrawing the bid in favour of a holding in Jupiter Mines"
That is incorrect. It was a deal to obtain a stake in OM Holdings.
On the 28th Sept 2009, OMH announced that it was doing a deal to acquire a stake in Tshipi.
The 49.9% stake in Tshipi was held by 5 non -related investors which included Pallinghurst. OMH was paying an equivalent of $245 million by issuing 139,900,000 OMH shares to these co-investors ie $1.75/share. Brian Gilbertson was being offered a seat on the OMH board.
On top of this OMH was buying a 20% stake in Ntsimbintle the 50.1% owner of Tshipi for $49.3 million.
http://www.asx.com.au/asxpdf/20090928/pdf/31kz3jlb8w004f.pdf
The deal did change over time and OMH eventually took a 26% stake in Ntsimbintle for $63.8 million.
10th Dec 2009
http://www.asx.com.au/asxpdf/20091210/pdf/31mn9n21kyrs4w.pdf
Pallinghurst and the other investors were unable to come to agreement for the other 49.9% of Tshipi with OMH.
"Back in 2010 Pallinghurst Resources bid for OM Holdings. Later...
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Last
29.5¢ |
Change
0.010(3.51%) |
Mkt cap ! $573.3M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.5¢ | 28.5¢ | $498.0K | 1.705M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 58 | 734140 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 452647 | 30 |
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| Last trade - 15.15pm 17/06/2024 (20 minute delay) ? |
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Last
29.0¢ |
Change
0.010 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| 29.0¢ | 29.5¢ | 29.0¢ | 970391 | ||
| Last updated 15.31pm 17/06/2024 ? | |||||
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