Given the EKJV purchase from NST by EVN, the incentive for EVN to make a bid for TBR/RND has increased. Why has EVN maintained its 19+% holding for the past few years if not to play a long game? With TBR/RND, they receive a nice dividend and share ownership of a decent amount of bullion, even if they cannot realise it. To be honest, that is not much different from myself and I suspect plenty of other retail holders too.
I have not bought TBR & RND as takeover plays but rather as value plays whose intrinsic value will hopefully be realised one day, while in the meantime I appreciate the dividend. The difference between EVN and myself is that they have potential to change matters whereas I do not.
If corporate action eventuates then it will be interesting to see how two skilled operators with quite different modus operandi conduct matters.
As for EVN, I have held in the past but I consider it over-valued in comparison to other producers, even at current SP, and so no longer hold, and even though their dividend yield is looking better.
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Given the EKJV purchase from NST by EVN, the incentive for EVN...
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Last
$1.70 |
Change
0.000(0.00%) |
Mkt cap ! $96.68M |
Open | High | Low | Value | Volume |
$1.70 | $1.70 | $1.70 | $13.17K | 7.747K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1400 | $1.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.80 | 192 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1400 | 1.705 |
1 | 3253 | 1.700 |
2 | 1805 | 1.650 |
1 | 20000 | 1.620 |
1 | 1242 | 1.610 |
Price($) | Vol. | No. |
---|---|---|
1.800 | 192 | 1 |
1.815 | 7349 | 1 |
1.820 | 4000 | 1 |
1.850 | 485 | 1 |
1.900 | 25100 | 1 |
Last trade - 10.03am 01/08/2025 (20 minute delay) ? |
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RND (ASX) Chart |