Despite the bump, the offer is below the IE’s valuation range of A$0.79 to A$0.93 per share. The IE’s valuation range would be around 25% higher at current gold prices.
What is covered in the Full Insight:
Revised Takeover offer by Zhaojin
Tietto's operation and previous offers
Shares ownership in Tietto
Observations on revised offer
Impact of gold prices on valuation
SUMMARY
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