It’s a good premium. Highest price in 10 years. They’ve spent 18 months trying to get a partner/financing and this is the best they have found. I would expect this to go through in the absence of a higher offer. It’s a large deposit but it’s low grade and has a pretty high capex and low IRR. I’d be happy with 47c. There’s a reason there has not been a lot of progress over the last 10 years - its metrics aren’t that great and it’s hard to get financing for the mine. I hope the FIRB approve this - it’s low grade and no one else has shown interest in financing or developing this - they’ve had plenty of time to show interest. I think FIRB will approve it as if it’s not approved then the mine won’t get built anytime soon. That’s Australian jobs and investment that’s not going to happen. I don’t think it‘a a steal at 47c. I think it’s a fair price and I don’t think shareholders can expect much more - it has a $900 million capex and a IRR of 19%. If they think it’s a steal at 47c they should have been loading up in the 20s. MACH also have to be able to make a profit for all that capital and taking on the risk of execution. I’ll be voting yes ( in the absence of a better offer ). GLTAHs
- Forums
- ASX - By Stock
- RXM
- Ann: Rex enters a A$393M Scheme Implementation Deed with MACH
Ann: Rex enters a A$393M Scheme Implementation Deed with MACH, page-66
-
- There are more pages in this discussion • 102 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXM (ASX) to my watchlist
|
|||||
Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $360.3M |
Open | High | Low | Value | Volume |
46.0¢ | 46.5¢ | 46.0¢ | $818.5K | 1.778M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 6518820 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 5287142 | 35 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 5518820 | 0.460 |
16 | 9253948 | 0.455 |
15 | 2546561 | 0.450 |
2 | 44211 | 0.445 |
5 | 160478 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 4939101 | 31 |
0.470 | 4176284 | 27 |
0.475 | 1099760 | 6 |
0.480 | 18950 | 3 |
0.500 | 45581 | 4 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
RXM (ASX) Chart |