Sorry, Awcn, Cummins is not suggesting M&A around DRR.
ILU still holds 20% of DRR to prevent exactly that while DRR gets up onto its own two feet. Later, when ILU is ready to exit, DRR will have options: buy the stake itself and cancel the shares, offer to existing holders or enlarge the free float.
Cummins is admiring the demerger and predicting considerably higher profits ahead for DRR - as I do.
I am concerned on one issue, expressed above: "Julian Andrews has stock and cash to buy royalties and creatively finance mines, so far no dice. Holders will be hoping this is because he is brewing up a stonker."
Ash
Ann: Quarterly Royalty Revenue Update, page-10
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Last
$3.89 |
Change
-0.060(1.52%) |
Mkt cap ! $2.057B | |||
| Open | High | Low | Value | Volume |
| $3.93 | $3.99 | $3.82 | $4.932M | 1.264M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6831 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 15204 | 3 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| DRR (ASX) Chart |