Hi Sharlene,
Size matters and the difference between SPX's Penny West and DRE's Illaara is of most significance.
SPX's Penny West was about 9 sq km in size.
DRE's Illaara is 900 sq km (a whole greenstone belt).
So, DRE's Illaara is 100 times as big as Penny West was!
Main point here is that a potential takeover party (a Major goldie) is already on the DRE register (and increasing their shareholding).
Each takeover/purchase is valued/negotiated for what it is and not based on a previous takeover.
Cheers,
GB.
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11 | 3019715 | 0.014 |
4 | 1920999 | 0.013 |
6 | 2719840 | 0.012 |
2 | 2300999 | 0.011 |
Price($) | Vol. | No. |
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0.017 | 1292010 | 12 |
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