The proposal is Rio buying the tenements off CZR.
CZR borrowed ~2m from Creasy and Miracle and these will need to be repaid so 75m is really 73m. CZR has never really specified whether they are returning the cash to shareholders.
The Gold Valley deal was 31c cash in shareholders pocket but came with higher counterparty risk. Hence not really a real deal after the delays with the Miracle offer.
The Rio deal is a good deal if CZR commits to paying out the cash to shareholders. Suspect FNX will lift their share offer shortly to stay in front as they are unlikely to reach the 75% threshold today.
Ann: Non-Binding, Indicative and Conditional Offer Robe River JV, page-7
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Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.81M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 22.5¢ | $1.603K | 6.718K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2127 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 48415 | 3 |
View Market Depth
| Last trade - 15.52pm 13/06/2025 (20 minute delay) ? |
| CZR (ASX) Chart |