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.
The theory is that DRR will bleed less than standard resource...
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Last
$4.79 |
Change
0.010(0.21%) |
Mkt cap ! $2.532B | |||
| Open | High | Low | Value | Volume |
| $4.75 | $4.81 | $4.71 | $4.521M | 945.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22584 | $4.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.80 | 14020 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$4.80 |
Change
0.010 ( 0.25 %) |
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| Open | High | Low | Volume | ||
| $4.75 | $4.81 | $4.72 | 367782 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| DRR (ASX) Chart |