""Plenty of time to find more reserves or acquisitions""
or
be acquired by an enterprising fund which has no interest in funding exploration activity and funds its acquisition of the company with the above free cash flow and enters into a joint venture with a gold exploration company which conducts the exploration for a majority share of eventual production.
On current indications - RMS price 38.5 , present margins of A$500 + and locked out to 2022 thru futures prices - the free cash flow generation will exceed $350million . Easy to round up some financiers with a partial and controlling offer.
It's all about Edna, page-11
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Last
$1.91 |
Change
0.085(4.67%) |
Mkt cap ! $2.180B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.91 | $1.87 | $4.797M | 2.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 311 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 77570 | 9 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |