Went back over their Qrtly & presentations. Cash position now $243M plus $67M Tax refund expected 2nd half 2023. ( I cannot find anything to say this has been received) Once this refund is received total cash should be approx $310M. Plus hedges reduce each quarter to finally nil 6/24 so cash will further increase.
They don't need to spend to the same extent & expect production to increase which should increase the cash position in excess of loan $300m
I think the sell off has been over-reacted. just my take on this. Happy to be corrected.
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Last
$4.33 |
Change
0.000(0.00%) |
Mkt cap ! $3.257B | |||
| Open | High | Low | Value | Volume |
| $4.35 | $4.41 | $4.31 | $8.692M | 1.994M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $4.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.33 | 400 | 1 |
View Market Depth
| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| RRL (ASX) Chart |