Yeah I think one of the reasons RLT was listed on the ASX was that the ASX was more supportive of small cap stocks than the JSE. Also from memory I heard a discussion where South African investors loved dividend paying stocks or to invest offshore so that didn't leave much JSE support for the small cap stocks on the JSE.
So all going well with Renergen going into production and towards dividends in lets say 3 years that should bring out more of the JSE investors.
Also once Phase 2 funding with debt and equity (equity at least US$310m between the CEF and Ivanhoe = AUD$437m plus maybe AUD$150m in Ivanhoe shares) then Renergen could soon become an AUD1b market cap company noting the threshold is about AUD$1b to enter the ASX300. Not sure Renergen as the primary listing is on the JSE can enter the ASX300 but anyway becoming a producer and getting to a market cap of ASX300 companies should draw attention from a whole new class of investor.
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Yeah I think one of the reasons RLT was listed on the ASX was...
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Last
95.0¢ |
Change
0.015(1.60%) |
Mkt cap ! $28.80M |
Open | High | Low | Value | Volume |
94.0¢ | 95.0¢ | 92.0¢ | $7.524K | 8.117K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 86.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
97.0¢ | 70710 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.860 |
2 | 6800 | 0.750 |
1 | 15000 | 0.730 |
1 | 1612 | 0.620 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.970 | 2000 | 1 |
1.000 | 7139 | 1 |
1.005 | 1769 | 1 |
1.010 | 2000 | 1 |
1.050 | 52490 | 3 |
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