Interesting observations from Mines Online. The transaction is expensive when measured against reserves. To make the transaction closer to fair value (based on other transactions for gold reserves) a high degree of confidence is required in converting a large portion of the measured, indicated and inferred category into reserves. I guess they are confident but only time will tell and they see good exploration options.
I have been watching Regis for some time and was hopeful that McPhillamys would get the nod, that would have been my entry point (although the day before the acquisition I was toying with the idea of buying a few0. I sort feel that McPhillamys has been pushed out, getting all the appropriate permits is taking longer. Hence they moved for Tropicana.
Big call by the CEO and Board.
- Forums
- ASX - By Stock
- RRL
- Ann: Binding Offer for 30% in Tropicana and $650m Capital Raising
Ann: Binding Offer for 30% in Tropicana and $650m Capital Raising, page-18
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RRL (ASX) to my watchlist
|
|||||
Last
$1.83 |
Change
0.015(0.83%) |
Mkt cap ! $1.373B |
Open | High | Low | Value | Volume |
$1.82 | $1.83 | $1.80 | $1.024M | 564.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 26325 | $1.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.83 | 68928 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 45437 | 1.820 |
24 | 95823 | 1.815 |
16 | 117166 | 1.810 |
11 | 86479 | 1.805 |
8 | 41021 | 1.800 |
Price($) | Vol. | No. |
---|---|---|
1.825 | 11121 | 6 |
1.830 | 97560 | 19 |
1.835 | 65364 | 11 |
1.840 | 66345 | 11 |
1.845 | 364433 | 11 |
Last trade - 11.21am 27/08/2024 (20 minute delay) ? |
Featured News
RRL (ASX) Chart |