Assuming they raise $30M at 12c, Shares on Issue would increase from 1,425,800,000 to 1,675,800,000.
Market cap (at 12c) would increase from $171.1M to around $201.1M.
Cash at bank of say $12M (31 Dec balance $22M less assumed $10M spend in March quarter) + $14M (tenement sales) + $30M (cap raise) = $56M.
Still with access to the $11M debt facility with Hawke's Point.
Production expected to increase by 30% in H2 FY23, with a 25% reduction in AISC and a higher gold price.
Riverina Underground AISC estimated at <$1,650/oz, which is expected to reduce total AISC from ~A$2,600/oz in FY23 to ~A$1,750/oz in FY25.
Stronger balance sheet = more drilling = rapid increase in resources (and reserves). Resource currently open in all directions at RU.
An extremely supportive shareholder in Hawke's Point and Paradice Investment Mgt P/L mopping up shares all over the place.
Wake me up again at 30c ($500M market cap factoring in assumed CR).
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Mkt cap ! $826.6M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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4 | 105330 | 0.440 |
1 | 22500 | 0.435 |
1 | 1243 | 0.430 |
5 | 69105 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 124230 | 1 |
0.460 | 84228 | 3 |
0.465 | 75171 | 1 |
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