I was considering Galena also after I saw the on market buy from Alex earlier. But already had S32 to worry about and wanted to get away from mining stocks.
I'm also confused how CMM used 5% as discount rate as I thought it would be closer to 9% based on WACC (weighted average cost of capital). Maybe they were using the cost of debt provided by the Macquarie facility and free cashflow from Karlawinda so that lowers the overall WACC or beta of the MGGP. But I agree it is a bit questionable.
Also NST managed to do debt raising at 6% via issue of senior notes. So I guess the bigger and more competent you are in mitigating risks, the easier it is to get funds.
I was considering Galena also after I saw the on market buy from...
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Last
$6.45 |
Change
-0.050(0.77%) |
Mkt cap ! $2.435B | |||
| Open | High | Low | Value | Volume |
| $6.52 | $6.52 | $6.33 | $6.623M | 1.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 360 | $6.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.45 | 5940 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |