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
$3.84 |
Change
-0.060(1.54%) |
Mkt cap ! $2.030B |
Open | High | Low | Value | Volume |
$3.89 | $3.91 | $3.83 | $5.284M | 1.370M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14863 | $3.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.86 | 45958 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14863 | 3.840 |
11 | 62253 | 3.830 |
7 | 34732 | 3.820 |
7 | 32146 | 3.810 |
17 | 41195 | 3.800 |
Price($) | Vol. | No. |
---|---|---|
3.860 | 45958 | 3 |
3.870 | 16420 | 4 |
3.880 | 48503 | 6 |
3.890 | 1376 | 1 |
3.900 | 3685 | 2 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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Nick Poll, Executive Director
Nick Poll
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