Agreed @JCoure.
ERA has approx $400m cash on balance sheet, to fund 1/2 the rehab liability to 2026.
Why ERAs hurry to raise the cash now, it can be raised any time within the next 4 years.
A lot can happen in 4 years, and it is quite likely the U price will rise to cost of production by then - US$60/lb, which would change the value of ERA share price significantly.
Looks like RIO is trying to get to 90% and compulsory takeover on the cheap and are denying minorities who have held through the bad times they future upside.
Cheap, and poor form.
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Last
$111.02 |
Change
0.290(0.26%) |
Mkt cap ! $41.21B |
Open | High | Low | Value | Volume |
$110.31 | $111.67 | $110.06 | $107.5M | 971.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 123 | $111.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$111.03 | 3394 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 123 | 111.000 |
1 | 56 | 110.880 |
1 | 12879 | 110.850 |
1 | 300 | 110.750 |
2 | 202 | 110.440 |
Price($) | Vol. | No. |
---|---|---|
111.030 | 3394 | 2 |
111.120 | 3394 | 1 |
111.210 | 3394 | 1 |
111.220 | 8392 | 1 |
111.290 | 305 | 2 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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