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.
PRU will expend approx US$140m ($A220m) on the acquisition of...
Add PRU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.33 |
Change
-0.030(1.27%) |
Mkt cap ! $3.200B | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.37 | $2.31 | $9.428M | 4.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 54963 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 50703 | 4 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.34 |
Change
-0.030 ( 0.75 %) |
||||
| Open | High | Low | Volume | ||
| $2.35 | $2.36 | $2.31 | 1125159 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| PRU (ASX) Chart |