Agreed @JCoure.
ERA has approx $400m cash on balance sheet, to fund 1/2 the rehab liability to 2026.
Why ERAs hurry to raise the cash now, it can be raised any time within the next 4 years.
A lot can happen in 4 years, and it is quite likely the U price will rise to cost of production by then - US$60/lb, which would change the value of ERA share price significantly.
Looks like RIO is trying to get to 90% and compulsory takeover on the cheap and are denying minorities who have held through the bad times they future upside.
Cheap, and poor form.
Ann: Rio Tinto supports rehabilitation of Ranger Project Area, page-3
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Last
$113.81 |
Change
-0.640(0.56%) |
Mkt cap ! $42.24B | |||
| Open | High | Low | Value | Volume |
| $114.59 | $114.83 | $113.58 | $112.7M | 987.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $113.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.81 | 6368 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |