The fact the board is unanimously recommending the offer before there is even a formal offer on the table makes me think they don't have a lot of other opportunities to get the resource into production. If the offer does fall over and nobody else comes in then it might be a case of waiting for the gold price to improve enough to make the project viable. The current SP reflects the risks involved.
Ann: RRL: Response to Media Speculation, page-75
Add CMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.49 |
Change
0.050(0.78%) |
Mkt cap ! $2.397B | |||
| Open | High | Low | Value | Volume |
| $6.43 | $6.55 | $6.37 | $6.461M | 999.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2845 | $6.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.50 | 4682 | 3 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |
