re: Ann: CHN: Option to Acquire Dragon Mining... As a sale this would have been good. As an option, it is worth LESS than nothing. It should be a negative on the share price.
CHN will exercise the option if it is profitable to them at the time they exercise. DRA no longer has a choice, and have therefore lost something.
What has DRA gained? The only argument, is that DRA have a better deal than they would have got if they did not make the deal. But if the terms are not beneficial to CHN, then they will not exercise their option.
Poor deision making!!
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Last
$1.37 |
Change
0.025(1.87%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.37 | $1.31 | $2.349M | 1.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6763 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 1808 | 2 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
