That sort of gold deposit would be going for a motza! I do think whilst nifty is disappointing on the downside renison is proving to be very quality asset. In Cu terms it would be 17.5mt @ 4.5% Cu for 780kt Cu which again is a great deposit. This is one for the long term I think and $155m feels cheap, I might just jump in soon, though I can’t see anything happening short term given the macro. I don’t think they’ll be reaching out for cash given the $20m working cap facility and the cash spun by renison.
Ann: 2019 Renison Resource Update, page-13
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Last
43.5¢ |
Change
-0.020(4.40%) |
Mkt cap ! $390.0M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.8¢ | 43.0¢ | $1.862M | 4.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 76054 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 9761 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |