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...
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Last
$2.36 |
Change
-0.020(0.84%) |
Mkt cap ! $3.242B | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.40 | $2.36 | $8.268M | 3.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 126734 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.37 | 1000 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| PRU (ASX) Chart |