yep, do nothing.
Unless profit from new royalties (which'd be less interest on credit) can return the same yield as MAC then it'll be dilutive to the current arrangement.
Re IO price v production ... only 1 is controllable and that is production. Recent presentations indicate additional areas will increase production and DRR royalties by even more than the targeted 145 wmtpa, so additional upside potential. The iron ore price will swing no doubt, but the return here is solid regardless
Ann: Calendar of Key Events for 2022, page-17
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Last
$3.68 |
Change
0.010(0.27%) |
Mkt cap ! $1.945B | |||
| Open | High | Low | Value | Volume |
| $3.70 | $3.73 | $3.63 | $13.55M | 3.690M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 68123 | $3.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.69 | 13806 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| DRR (ASX) Chart |