This is excellent news and perfect timing for the company. They are selling their highest cost per oz of gold asset (1200us$) which will improve substantially their margins going forward.
They are getting a much needed (to invest in capex for their lower cost assets) 100M au$ of upfront value while preserving their right to a huge upside potential of 200M au$. IMO a great move by management.
Ann: Sale of Ravenswood Gold Mine, page-2
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Last
48.5¢ |
Change
0.030(6.59%) |
Mkt cap ! $1.032B | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 49.0¢ | 47.0¢ | $5.113M | 10.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 94989 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 12994 | 2 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
48.5¢ |
Change
0.030 ( 5.46 %) |
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| Open | High | Low | Volume | ||
| 47.3¢ | 49.0¢ | 47.3¢ | 4984769 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| RSG (ASX) Chart |