This video touches on an important point - which is that with the current SP SFR would be crazy to use script to do any M&A. So how do they resolve this? One way is by publishing these studies on T3/A4 and Degrussa gold 2.0 and highlighting to the market the value proposition. The other option is doing a buyback.
With Degrussa spinning circa A$250m net cash per year for the next two years and a ~A$300m war chest in the bank... I wouldn’t be surprised if the buyback option is explored. Perhaps something significant like A$100m. Get the script up over $7 then they can get active.
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- Talk Ya book- Michael McNeilly Metal Tiger re Sandfire
Talk Ya book- Michael McNeilly Metal Tiger re Sandfire, page-26
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Last
$8.93 |
Change
0.035(0.39%) |
Mkt cap ! $4.103B |
Open | High | Low | Value | Volume |
$9.09 | $9.11 | $8.85 | $4.272M | 475.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 3193 | $8.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.93 | 1566 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2329 | 8.890 |
11 | 4657 | 8.880 |
17 | 4792 | 8.870 |
12 | 7658 | 8.860 |
10 | 10395 | 8.850 |
Price($) | Vol. | No. |
---|---|---|
8.900 | 3963 | 15 |
8.910 | 8968 | 14 |
8.920 | 3756 | 9 |
8.930 | 4988 | 7 |
8.940 | 12529 | 4 |
Last trade - 11.53am 13/09/2024 (20 minute delay) ? |
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