RXM 0.00% 46.5¢ rex minerals limited

Unfortunately for us small holders Squader " Peter Bird is...

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    Unfortunately for us small holders Squader " Peter Bird is presenting at the Mining Journal Select London conference at 12:50 UK time today.I guess the presentation will appear on the RXM website soon.I am hoping it will generate some international interest.
    A thief in the night will likely swoop, paying not much!

    Iron ore billionaire and green energy crusader Andrew Forrest has just fired the starter’s gun on what’s likely to be a wave of merger and acquisition (M&A) activity among small miners.

    Forrest’s $760 million bidfor nickel minerMincor (ASX: MCR)is set to succeed, not because it’s a particularly generous offer, it’s more case of him having liquid cash firepower at a time when financial markets are in turmoil.

    The offer was pitched at $1.40 and there is a new valuation of $1.95 on Mincor from Royal Bank of Canada (RBC) which described Forrest’s proposal as “opportunistic”.

    It clearly is because Mincor was trading at $1.85 just two months ago.


    Last edited by Isladar: 27/03/23
 
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