I may have mentioned in the past but I think Alkane might be someone interested in taking a strategic stake in CMM. They have a strategy of investing of junior gold developers with some of their excess cash (currently $76M in the bank).
Their recent deal with EXU fell through after RMS trumped the ALK offer. CMM probably one of the most similar companies to EXU in the market. The setup in terms of corporate interest and lack of short term funding is almost identical to when they attempted to get into EXU.
The only difference is Hawke's Point. I have no clue what their broader investing strategy is. From what I can tell they took a bath on their EGS investment, but are still trying to pick over what's left from the administrators.
Ann: Notice of General Meeting/Proxy Form, page-21
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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 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |
