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
$2.31 |
Change
-0.015(0.65%) |
Mkt cap ! $3.173B | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.32 | $2.30 | $3.499M | 1.515M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 133352 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 70874 | 50 |
View Market Depth
| Last trade - 13.35pm 13/05/2024 (20 minute delay) ? |
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Last
$2.31 |
Change
-0.015 ( 0.31 %) |
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| Open | High | Low | Volume | ||
| $2.32 | $2.32 | $2.30 | 350152 | ||
| Last updated 13.54pm 13/05/2024 ? | |||||
| PRU (ASX) Chart |