The amount of cash they are generating in this unhedged bullion can only be used for increased dividends, exploration or for aquisitions/mergers. There is no value in having all that cash in the bank account.
I don't know how much more they will spend around Yamarna on exploration. Doubt it will be a lot...........they will just truck that high grade stuff to Gruyere. Pilbara though is worth more drill holes. An increased divvy will come from shareholders wanting their piece of the pie.
I almost sold at $2, paused a day or so and watched it plummet. This time I think will be different as the production issues and weather should be behind them in the 2nd half of this year.
The amount of cash they are generating in this unhedged bullion...
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Last
$1.66 |
Change
-0.010(0.60%) |
Mkt cap ! $1.792B | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.68 | $1.62 | $6.527M | 3.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 137755 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 7572 | 2 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$1.65 |
Change
-0.010 ( 1.32 %) |
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| Open | High | Low | Volume | ||
| $1.67 | $1.68 | $1.62 | 649552 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| GOR (ASX) Chart |