The theory is that DRR will bleed less than standard resource sticks as it would still be very profitable if prices say collapsed by 50%, whereas a BHP would see a lot of pressure and smaller companies with lower quality assets would be losing money.
DRR is probably on BHP's radar as a cost saving target, but they are unlikey to want to pay a 30% premium to market to buy it - it would need to be sold down heavily for this to work which again is unlikely as it is so easy to value.
Ann: Appointment of Independent Non-Executive Director, page-11
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Last
$4.01 |
Change
-0.010(0.25%) |
Mkt cap ! $2.119B | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.02 | $3.93 | $7.324M | 1.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26870 | $4.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.02 | 48080 | 7 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| DRR (ASX) Chart |