Well it seems that @eshmun was correct. Value didn't mean all cash. But those who suggested that the rehabilitation cost would be included in the 'value' were a bit suspicious. Rather it's a promissory note for $50m plus $50m immediate cash. The promissory note will be paid, maybe in 7 years time but at 6% interest, which is $75m in seven years and better interest than you can get from the bank.
The $200m of contingent upside includes $50m of gold price contingency the top tier of which is $140/oz in the money at spot. So you would have to back the company to get this payment.
The $150m contingent upside seems reliant on a disposal by EMR. Not sure about this and would welcome other input.
Cheers,
Tim
Well it seems that @eshmun was correct. Value didn't mean all...
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Last
42.5¢ |
Change
0.010(2.41%) |
Mkt cap ! $904.8M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 41.0¢ | $2.899M | 6.901M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 245581 | 7 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
42.3¢ |
Change
0.010 ( 1.98 %) |
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| Open | High | Low | Volume | ||
| 41.5¢ | 42.5¢ | 41.0¢ | 1950568 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| RSG (ASX) Chart |