RND rand mining limited

Given the EKJV purchase from NST by EVN, the incentive for EVN...

  1. 4,233 Posts.
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    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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(20min delay)
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
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Last trade - 10.03am 01/08/2025 (20 minute delay) ?
RND (ASX) Chart
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