Going by RRL historical financials available on Commsec, from 2017 FY to 2020 FY, its MC was quite consistently over 3 times of its Shareholders Equity. If this was also applicable at the time of McPhillamys purchase (2012? from memory), the book value of those 32 million shares would only be 50 M, therefore I think the possible write down would be around 50 M+ further investment to date (exploration cost etc.).
Ann: Quarterly Activities Report, page-83
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$1.76 |
Change
-0.023(1.26%) |
Mkt cap ! $1.340B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.76 | $2.214M | 1.248M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 61144 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 27002 | 22 |
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