Ok Mozz. Now, as per the annual report, 70 to 75% of Road's output is entirely exposed to spot ($300 more than Bell Potter's base of $2350, giving an extra 30 million in cash - my calculations). That's a lot of cash for a 'junior' miner still in its very early stages of production; and as previously stated by the company, something in the order of 50 MILLION in cold hard cash, at current spot rates, will grace the balance sheet in short order. At those rates, that dirty word, 'debt,' will soon be a thing of the past. Again as per the report, cash is the priority over dividends but with so many franking credits waiting to be distributed, it cannot be ruled out.
As for the nervous nellies and particularly the parasites shorting Road, enjoy it while it lasts. They could not be more wrong.
Green Today?, page-30
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Last
$1.65 |
Change
0.090(5.77%) |
Mkt cap ! $1.782B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.67 | $1.63 | $2.165M | 1.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 48783 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 144922 | 22 |
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| Last trade - 11.02am 13/09/2024 (20 minute delay) ? |
| GOR (ASX) Chart |