The first time I posted this info and calculated the difference between the market caps of RND&TBR and the market value of the gold they hold was back on the 15th December last year. At the time gold had been plunging for a few months and the price was at medium term low. Gold held was worth $56M more than the combined market value of the two companies.
Fast forward to today and gold has been in a good uptrend since December.
Today the gold held is worth $79M more than the combined market value of the two companies.
The Numbers:
The consolidated gold holdings would be about 216k ozs after adding gold accumulated since June last year. At the current price of $1705, about $370M.
TBR mkt cap is $302M.
RND mkt cap is $122M
Total $424M.
To determine the value of shares held by external shareholders we need to eliminate the cross holdings. This should be done because ultimately everything owned by the 2 companies is owned by the external shareholders
The 44% TBR owns of RND is worth $54M.
The 26% RND owns of TBR is worth $79M.
Total $133M.
$424M less $133M equates to $291M
Therefore the combined external shareholders of the 2 companies own gold valued at $370M and the value of their shareholdings is worth $291.
The gold is worth $79M more than the combined market cap.
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The first time I posted this info and calculated the difference...
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$3.40 |
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Mkt cap ! $178.3M |
Open | High | Low | Value | Volume |
$3.41 | $3.41 | $3.40 | $5.648K | 1.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1 | $3.39 |
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Price($) | Vol. | No. |
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$3.40 | 456 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1 | 3.390 |
1 | 1 | 3.370 |
1 | 1 | 3.360 |
1 | 1 | 3.350 |
2 | 151 | 3.340 |
Price($) | Vol. | No. |
---|---|---|
3.400 | 456 | 1 |
3.410 | 396 | 1 |
3.450 | 1507 | 2 |
3.700 | 10000 | 1 |
3.950 | 20000 | 1 |
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