Why not use the $40 million in the bank to buy back 70 million shares at 60 cents. The deposit could then be sold for around $250 million which is what OZL bought Carpenteerer for. This would result in a cash return of $4.16 for each of the remaining 60 million shares. The residual cash could be used to explore the remaining prospects. Why waste time creating a mine?
capital management
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Last
46.3¢ |
Change
-0.003(0.54%) |
Mkt cap ! $362.2M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.5¢ | 46.0¢ | $52.05K | 112.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 16534564 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 2669550 | 39 |
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| Last trade - 13.53pm 07/10/2024 (20 minute delay) ? |
| RXM (ASX) Chart |