Eastwest,
If you go back a few years, the marked did not value Renison at all. It was only after they made some significant changes - removed the mining contractor and went owner/miner, introduced bulk mining techniques in certain areas (after a full geological review) and introduced other efficiency and cost cutting initiatives did it become a more attractive investment. The success here was possibly one of the reasons they "had a go" at Nifty. Unfortunately, it appears they thought fixing Nifty would be like turning around a small gold mine and the lessons that were learned from Renison were no utilised.
Also, I may be wrong but wasn't it APAC that wanted the split into MLX and WGX?
Just my thoughts and DYOR
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Open | High | Low | Value | Volume |
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2 | 68931 | 0.425 |
6 | 123130 | 0.420 |
2 | 52200 | 0.415 |
4 | 131290 | 0.410 |
Price($) | Vol. | No. |
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0.435 | 1137 | 1 |
0.440 | 38028 | 3 |
0.445 | 152673 | 7 |
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