So if the analysts can't agree on whether it was a good buy or not. I suspect they don't get it. Further RRL are one of the most astute operators in the business they won't have paid too much.
What they've done is slot in current production oz plus future oz to both improve their growth profile and allow them to sustain a higher P/E with lower AISC.
The higher ASIC this year is due to the Havanna cutback. You could/should look at it as IGO footing most of the bill for that with RRL to reap the benefit.
Didn't you examine the Presso. Why do you think management are mugs?
I shouldn't be saying any of this because if it falls like people opine I'm buying. Yes, some would be following the asset from IGO.
Ann: Binding Offer for 30% in Tropicana and $650m Capital Raising, page-15
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Last
$2.62 |
Change
-0.030(1.13%) |
Mkt cap ! $1.971B | |||
| Open | High | Low | Value | Volume |
| $2.66 | $2.66 | $2.61 | $2.112M | 805.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3570 | $2.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.63 | 73199 | 31 |
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| Last trade - 12.16pm 05/11/2024 (20 minute delay) ? |
| RRL (ASX) Chart |