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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 (20min delay)
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Last
$4.06 |
Change
-0.090(2.17%) |
Mkt cap ! $2.146B | |||
| Open | High | Low | Value | Volume |
| $4.17 | $4.18 | $3.99 | $23.40M | 5.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 241 | $4.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.07 | 51258 | 6 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$4.05 |
Change
-0.090 ( 2.48 %) |
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| Open | High | Low | Volume | ||
| $4.18 | $4.18 | $4.00 | 1282881 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| DRR (ASX) Chart |
