It would take years to move. I don’t think a contingency with a modified McP helps.
However, I agree it is the role of management to get results and failing to get McP done in 10+ years is ultimately on them. Unfavourable factors are everywhere, management needs to navigate them.
As I said elsewhere, I think the worst thing about this ruling is how much it hides managements failings over the last several years.
To buy Tropicana for $0.9B at an implied gold price of $2000 and then have a market cap of $1.3B three years later with gold actually at $2500 is, in my opinion, a masterclass in share price destruction. In the same time, Capricorn’s share price has 3x and their market cap is almost double Regis but they still only have 1/4 the revenue.
I hope that this McP decision is a wake up call but I’m not holding my breath.
It would take years to move. I don’t think a contingency with a...
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Last
$1.77 |
Change
0.035(2.02%) |
Mkt cap ! $1.337B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.77 | $1.70 | $10.34M | 5.930M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20000 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 33162 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |