The view that any royalty acquisition that is of lower quality than MAC is dilutive or weakens the business is simplistic and mistaken. Let's skip the idle grandstanding.
A royalty company needs to constantly sift opportunities for growth and diversification. JA & team have been looking. Their restraint in not just buying stuff is admirable. Please don't paralyse them with a no-risk highest-standard framework that would exclude opportunity and evolution.
The new $350m debt facility is evidence of the intent to develop. What they choose to do with it is open and a matter of considerable interest.
Ash
*I currently only hold indirectly.
The view that any royalty acquisition that is of lower quality...
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Last
$3.90 |
Change
-0.060(1.52%) |
Mkt cap ! $2.061B | |||
| Open | High | Low | Value | Volume |
| $3.99 | $4.00 | $3.88 | $4.427M | 1.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11956 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.91 | 9612 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| DRR (ASX) Chart |