PRU will expend approx US$140m ($A220m) on the acquisition of 80% of ORR.ASX they don't own. I suspect with the higher POG they should finish June Q with a cash / bullion balance only modestly lower than that in the March Q.
That still leaves them > A$1bn of cash to fund the build of Nyanzaga. Considering the DFS had it as a 7 quarter long construction period with a couple quarters of detailed engineering prior to this I would think its likely they finish the build programme with more cash than they started it (assuming POG holds).
As such it makes a lot of sense to buy back stock considering PRU remains ridiculously cheap.
Ann: March Quarter Report, page-6
Add PRU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.71 |
Change
0.015(0.56%) |
Mkt cap ! $3.742B | |||
| Open | High | Low | Value | Volume |
| $2.67 | $2.74 | $2.67 | $7.239M | 2.682M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 136068 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.71 | 92099 | 63 |
View Market Depth
| Last trade - 13.58pm 29/08/2024 (20 minute delay) ? |
| PRU (ASX) Chart |