Another interesting observation:
Our friends over at RNU have 2,542,032,155 shares on issue with a Friday close of $0.046 for a MC of A$116.9m. Their last quarterly was A$108.2m cash so their EV has fallen to $8.7m.
EGR has 454,131,819 shares on issue with a Friday close of $0.12 for a MC of A$54.5m. EGR's last quarterly was A$17.6m for an EV of $36.9m. While RNU still has a much higher MC, its primarily due to a well-timed A$70m CR back in 2022 (at $0.275/share). Assuming the market is valuing cash balances at the cash value, the market is valuing EGR's projects at 4x that of RNU when previously it was EGR's being valued at a fraction of RNU's.
Ann: Epanko 'Life of Mine' Special Mining Licence Granted, page-51
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
28.0¢ |
Change
-0.005(1.75%) |
Mkt cap ! $127.1M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 28.5¢ | 27.0¢ | $73.01K | 264.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7272 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 14597 | 1 |
View Market Depth
| Last trade - 15.16pm 27/06/2025 (20 minute delay) ? |
| EGR (ASX) Chart |