At some point investors had to punish the gold miners for not pushing equity growth through M&A consolidation.
I believe we are at this point.
The gold miners are attracting very little new capital.
Where's all the growth stories?
Where's the opportunistic asset grabs?
I can name a half dozen companies off the top of my head that are trading below 50% NTA.
My hope is Raleigh Finlayson's maverick approach to consolidation will create a successful template for others to follow.
We already see the beginnings of this with murmurings surrounding the likes of SBM and RED.
I see SL as another potential maverick style character who can potentially set the Murchison dominoes in motion.
Net income forecast to grow 381% next year, page-60
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Last
$2.27 |
Change
-0.030(1.30%) |
Mkt cap ! $2.606B | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.29 | $2.22 | $7.884M | 3.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29957 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 319256 | 8 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |