@Davisite
The difference between EXU and CMM is that there is no offer on the table for CMM as yet. The market is hedging it’s bets. If the offer materialises and depending on what conditions are attached to the offer going unconditional the market should rerate to come closer to the offer price.
CMM’s project as it stands is a far superior project with real standalone potential IMO, so has a very good chance of getting funded. Also I’m not worried about the share price collapsing as once the cat is out of the bag it tends to stay out of the bag. RRL have put an $85 million value on this now. Smart investors know its worth at least this amount every day of the week and the smart money will start looking at this more closely.
RRL have also said they are reserving their rights in respect of any competing offer so that might indicate there is some competition in the market for the project.
We should see on Wednesday. My money is on RRL not wanting to let this one go. Esh
Ann: RRL: Response to Media Speculation, page-33
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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 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |
