I don't think they will need much to take it on. Rio are spending money on care and maintenance and will just want it gone. It will be a distressed sale. The funding issue will be to progress to project. With Champion I believe he was able to finance a decent chuck.The big miners don't take much risk, they let the little guy do all the leg work to sure up a project then swoop in. Don't overlook it just because RIO want out. For the big miners to divest it would normally mean they have better options for their investment dollars. It won't mean the project isn't viable.
The downstream and consumer sales that could be the key to making it work. If you can improve the profit margin with high end jewellery sales by 20% - 30% you will be getting a better return than Rio ever could selling rough. Knowing a few at Rio and the bureaucracy they deal with, I also have no doubt they can run a leaner operation than Rio could ever imagine.
Kim Truter - Chief Operating Officer of Rio Tinto Diamonds
Sean Whiteford - 13 years with the Rio Tinto Group
Jeremy Taylor - Rio Tinto Diamonds
If this is the one, these 3 gentlemen might know a thing or two about it.
- Forums
- ASX - By Stock
- BDM
- BDM Daily SP Discussion
BDM Daily SP Discussion, page-418
-
- There are more pages in this discussion • 226 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 BDM (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.0¢ |
Change
0.010(8.33%) |
Mkt cap ! $184.7M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 13.0¢ | $33.8K | 260K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13076 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 120111 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13076 | 0.120 |
10 | 182723 | 0.115 |
14 | 297021 | 0.110 |
9 | 168358 | 0.105 |
8 | 1067994 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 120111 | 10 |
0.130 | 220335 | 6 |
0.135 | 192069 | 5 |
0.140 | 769643 | 4 |
0.150 | 229364 | 5 |
Last trade - 10.00am 17/10/2024 (20 minute delay) ? |
Featured News
BDM (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online