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.
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$2.71 |
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Mkt cap ! $3.742B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Sellers (Offers)
Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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51 | 129612 | 2.700 |
34 | 194634 | 2.690 |
19 | 131400 | 2.680 |
14 | 119109 | 2.670 |
7 | 226931 | 2.660 |
Price($) | Vol. | No. |
---|---|---|
2.710 | 92784 | 61 |
2.720 | 130599 | 36 |
2.730 | 172264 | 23 |
2.740 | 105287 | 11 |
2.750 | 331309 | 23 |
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