Hi Sarg,
I was actually pleased that Sandfire have bid for just 1 particular asset of Talismans. Because the value placed on that highlights the dilemma that some smaller miners / explorers often face. That is that their share price can fail to reflect what can be underlying value well in excess of their market capitalisation.
As the article states the $70M price being talked about for Talisman's 30% of the JV is $22M above the whole market cap of the company.
Kerry Harmanis is a very successful guy who developed & made a fortune from the cosmos nickel deposit. What is now happening with the Springfield JV ( Harmanis butting heads with Simich ) is what could potentially play out with Peel in the future. Peels register is dominated by a bunch of over achievers. These A types ( for want of a better description ) don't like compromising. They all eventually want to get their own way. IMO that could well work out in our favour ( retail holders that is ) Just as it now is for Talisman shareholders.
Hi Sarg, I was actually pleased that Sandfire have bid for just...
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89603 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 8500 | 1 |
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