I took additional 150m off for McPhillamys. I am not sure how much it is going to cost but I expect it will be a lot.
Agree the cash would be there for dividends, but it would be tight if they really want to self fund McPhillamys development.
I think what is most likely to happen is a refinancing of the 330m debt due in FY24, and a possible partial financing of McPhillamys development. Allowing for comfortable dividends over the next few years while retaining a healthy cash balance
I took additional 150m off for McPhillamys. I am not sure how...
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Last
$2.07 |
Change
0.075(3.76%) |
Mkt cap ! $1.563B | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.09 | $2.02 | $11.27M | 5.461M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 98556 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.07 | 61064 | 3 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| RRL (ASX) Chart |