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
$2.48 |
Change
0.040(1.64%) |
Mkt cap ! $3.407B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.48 | $2.43 | $7.034M | 2.857M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14815 | $2.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 105878 | 2 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$2.47 |
Change
0.040 ( 1.37 %) |
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| Open | High | Low | Volume | ||
| $2.46 | $2.48 | $2.43 | 553373 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| PRU (ASX) Chart |