hcosah
I think you did a great job identifying a piece of the Tropo puzzle that has not been discussed. IGO had a 5.5 billion market cap, and therefore has far more balance sheet power than RRL....It is a well known fact that IGO does not want to be part of gold, and this was a non-core asset, which means that if Tropo wanted to expand its drilling profile to open up new ground, they weren't going to.
I think that RRL want proven ground.......I would not be suprirsed if the Tropo acq was more about getting reliable new drilling ground rather than just a cashflow asset.
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Last
$4.39 |
Change
-0.100(2.23%) |
Mkt cap ! $3.316B | |||
| Open | High | Low | Value | Volume |
| $4.47 | $4.53 | $4.37 | $16.81M | 3.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 51252 | $4.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.39 | 7201 | 1 |
View Market Depth
| Last trade - 16.17pm 27/06/2025 (20 minute delay) ? |
| RRL (ASX) Chart |