This is my conclusion as well eshmun. I just don't see how Hawke's Point can reject the deal (or a slightly sweetened one) from Regis with the CMM board recommending it. A financing deal is just not possible in this gold environment and with CMM's current market cap and financial position.
Consequently I bought on open this morning as I think it a good bet that Regis will get the gig.
CMM Valuation - Finance Approval vs Takeover offer, page-14
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Last
$6.41 |
Change
-0.080(1.23%) |
Mkt cap ! $2.397B | |||
| Open | High | Low | Value | Volume |
| $6.59 | $6.60 | $6.35 | $5.091M | 793.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2857 | $6.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.41 | 1389 | 1 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| CMM (ASX) Chart |
