CGP up 15% on the news.
Interesting comments regarding the surrounding concessions (within 5km) as possibly being part of ENSA.
Also, interesting comments regarding BHP standstill on CGP.
I agree, looks like this will go hostile. It seems strange given the offer is 100% scrip based. In essence outside a control premium (and the small assets CGP hold outside of ENSA) the value of CGP should be 15% of ENSA.
Indicates to me there have been some serious disagreements that have led to the offer.
Let's hope that this sets the end game in motion, and that CGP have an ace up their sleeve.
my view is that the higher the value for CGP the greater value of DGR's 12% stake.
SOLG Takeover of Cornerstone, page-5
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1.0¢ |
Change
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Mkt cap ! $14.61M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $1.588K | 158.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 185236 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1983333 | 3 |
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| Last trade - 14.51pm 29/11/2024 (20 minute delay) ? |
| DGR (ASX) Chart |
