Sorry, Awcn, Cummins is not suggesting M&A around DRR.
ILU still holds 20% of DRR to prevent exactly that while DRR gets up onto its own two feet. Later, when ILU is ready to exit, DRR will have options: buy the stake itself and cancel the shares, offer to existing holders or enlarge the free float.
Cummins is admiring the demerger and predicting considerably higher profits ahead for DRR - as I do.
I am concerned on one issue, expressed above: "Julian Andrews has stock and cash to buy royalties and creatively finance mines, so far no dice. Holders will be hoping this is because he is brewing up a stonker."
Ash
Ann: Quarterly Royalty Revenue Update, page-10
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Last
$3.90 |
Change
-0.005(0.13%) |
Mkt cap ! $2.061B | |||
| Open | High | Low | Value | Volume |
| $3.89 | $3.90 | $3.87 | $563.7K | 144.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 11600 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 10168 | 15 |
View Market Depth
| Last trade - 10.35am 30/07/2024 (20 minute delay) ? |
| DRR (ASX) Chart |