hcosah
I think you did a great job identifying a piece of the Tropo puzzle that has not been discussed. IGO had a 5.5 billion market cap, and therefore has far more balance sheet power than RRL....It is a well known fact that IGO does not want to be part of gold, and this was a non-core asset, which means that if Tropo wanted to expand its drilling profile to open up new ground, they weren't going to.
I think that RRL want proven ground.......I would not be suprirsed if the Tropo acq was more about getting reliable new drilling ground rather than just a cashflow asset.
hcosah I think you did a great job identifying a piece of the...
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Last
$1.95 |
Change
0.013(0.64%) |
Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.97 | $1.92 | $3.326M | 1.705M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 35574 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 37146 | 25 |
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| Last trade - 13.54pm 18/09/2024 (20 minute delay) ? |
| RRL (ASX) Chart |