If Rio wins i expect a share buy back which should put a floor under SP for maybe 30% of the payment and the rest allocated to extensive exploration at both croydon (gold) and the vanadium location.
CZR as part of the Miracle offer sent out a proposed plan for exploration covering the $102m (circa feb 24) detailing their exploration plans. I dont think anything has changed in this space.
At the time they did not explain what they would do with the unspent portion but i do think a buy back is better than a spevial div as it would be unfranked
Ann: Non-Binding, Indicative and Conditional Offer Robe River JV, page-65
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Last
22.5¢ |
Change
-0.015(6.25%) |
Mkt cap ! $53.26M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 22.5¢ | $744 | 3.209K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 25332 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 8497 | 1 |
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| Last trade - 11.25am 16/06/2025 (20 minute delay) ? |
| CZR (ASX) Chart |