GPR 6.25% 3.4¢ geopacific resources ltd

I am a tad confused. At the time of announcing KGD 2.1 cents and...

  1. 126 Posts.
    lightbulb Created with Sketch. 6
    I am a tad confused. At the time of announcing KGD 2.1 cents and deal valued them at 2.8 cents. They even hung around 2.3 cents for a while. Then they got taken up to 3.1 cents. Mean while GPR has been sat on no great volume.
    So assume clever play was sell GPR and buy KDG.

    I can see the opportunistic nature of the take over but it's not that necessary for GPR.
    They will keep doing what they are doing to increase their holding. Lots of drilling, lots of results maybe a cap raise and the big resource. Meanwhile KGD stake keeps shrinking.

    Hence if for some reason GPR need to take out KDG buy KDG.

    Else if GPR wolks away and it's back to normal and there is lots of gold rather be on GPR.

    If anyone sees why taking out KDG is a total necessity love to know.
 
watchlist Created with Sketch. Add GPR (ASX) to my watchlist
(20min delay)
Last
3.4¢
Change
0.002(6.25%)
Mkt cap ! $25.17M
Open High Low Value Volume
3.3¢ 3.4¢ 3.2¢ $3.311K 101.1K

Buyers (Bids)

No. Vol. Price($)
3 928000 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 214180 2
View Market Depth
Last trade - 15.33pm 06/11/2024 (20 minute delay) ?
GPR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.