Some clear accumulation going on here. I think there is less and less risk here. I see two possible scenarios.
1. they can’t turn nifty around by Q1, 2020 and it gets placed on C&M
2. They manage to turn it around and spin cash flow.
In scenario 1 I think we see 30cps, scenario 2 I think we see something like 60cps. Renison’s cash flows are about to go 2-3x as they enter Area 5. It’s worth 30cps IMO.
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Last
62.5¢ |
Change
-0.030(4.58%) |
Mkt cap ! $553.9M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.0¢ | 61.0¢ | $2.280M | 3.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86376 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 180867 | 5 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |