I'm not too sure whether it is premature or not to create a study and investment decision on Rentails.
If their ongoing mine optimisation/resource study aims to grow Renison ore reserves year on year, net of depletion, and they have 10 years of production left, why not sit on it? I think the low price of this stock is due to the market not having confidence that this stock will ever pay a dividend. Maybe they could both do, Rentails and pay a dividend? With the dividend being a first focus?
Ann: Quarterly Activities Report, page-5
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Last
40.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $367.0M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.8¢ | 39.5¢ | $649.6K | 1.616M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 92852 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 298907 | 10 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |