Hmmm....a sober so-so announcement:
Working Capital of $18m + no debt
Now selling Sn...but margins must be down
Costs are up...but how much?
Production slower than anticipated...bottlenecks but solutions are now been applied
Royalty revenues down 20%
Rentails and Wingellina mothballed in this financial climate
But..there was a positive in these gloomy times:
"Viability of the mine not under any threat"
I take this to mean that despite the above, Renison can produce and sell sufficient to sustain itself so cash is not a problem.
Conclusion: This announcement says we will survive.
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Last
64.5¢ |
Change
-0.005(0.77%) |
Mkt cap ! $571.7M | |||
| Open | High | Low | Value | Volume |
| 65.5¢ | 67.0¢ | 64.0¢ | $1.977M | 3.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20702 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.5¢ | 163821 | 3 |
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| Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |