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.
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The theory is that DRR will bleed less than standard resource...
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Last
$3.35 |
Change
-0.050(1.47%) |
Mkt cap ! $1.773B |
Open | High | Low | Value | Volume |
$3.40 | $3.42 | $3.34 | $2.323M | 688.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 32769 | $3.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.35 | 33194 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 31382 | 3.340 |
25 | 56175 | 3.330 |
23 | 81871 | 3.320 |
15 | 27689 | 3.310 |
18 | 185113 | 3.300 |
Price($) | Vol. | No. |
---|---|---|
3.350 | 51592 | 17 |
3.360 | 50374 | 24 |
3.370 | 63564 | 22 |
3.380 | 73872 | 18 |
3.390 | 159906 | 14 |
Last trade - 13.49pm 06/09/2024 (20 minute delay) ? |
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DRR (ASX) Chart |