It is 4:1 swap for RMS shares so a 1/4 of the RMS SP (i.e. 12c). EXU is currently bouncing back and forth between 11.5c and 12c.
You would think RRL or their proxies would be in the market buying everything they can under 10 to 11c. With these arb opportunities there is usually not so much left on the table by the big boys.
I feel for the long term CMM holders as this offer really undervalues the company if CMM were able to find a way of building the mine. The fact the board is telling you to take it says to me that they were really struggling on the funding side.
Somewhat off topic who does everyone think will be the next goldie target? I hope none of my LT holds.
It is 4:1 swap for RMS shares so a 1/4 of the RMS SP (i.e. 12c)....
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 |
