what is omc worth then do the sums Pretty obvious capping going...

what is omc worth then do the sums Pretty obvious capping going on. I think I'll top up at 113-114 in anticipation of a rival bid materialising.

Surely there will be a rival bid from PDN, SXR or even interests associated with neighbour EVE (who are associated with ALB)?

114c caps the company at $A160m for 13.7m lbs and an expected minimum 30m lbs total including Bungua and Mutanga-Dibwe corridor extensions by at least one research broker report. If 30 million pounds, at $A8/lb = MC $A240mill + $A10mill cash + say $A20mill exploration upside & MRU shares = TOTAL OF $1.91 per share indicated market value. Add a premium for takeover, easy $2.25.

I see EVE is the subject of massive volumes today and quite a decent rise in sp. Interesting times ahead.

DYOR, holder