If RSG does manage to walk away with $300M contingent on the GP and the future performance of Ravenswood, that will be a fantastic outcome. It represents around 30% of the current MC of RSG. There's no way known the market was valuing Syama and Mako at only 70% of the company. I would have said Syama 65%, Mako 30%, Ravenswood and Bibiani combined 5%. A good sale price for Ravenswood reduces the debt from the disaster that has been Ravenswood underground and potentially gives some freedom to proceed to FID on Bibiani which would cause the market to attribute some value to that asset.
This could be very positive.
Cheers,
Tim.
Ann: Resolute Responds to Media Article, page-8
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Last
51.0¢ |
Change
-0.040(7.27%) |
Mkt cap ! $1.085B | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 53.3¢ | 51.0¢ | $9.775M | 18.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 468908 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 6078 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
52.0¢ |
Change
-0.040 ( 4.59 %) |
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| Open | High | Low | Volume | ||
| 53.0¢ | 53.3¢ | 51.5¢ | 4019158 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| RSG (ASX) Chart |