Even though management r very slow, I think Regal Resources are very cheap. So cheap I broke all my rules and bought more at what I think is a crazy low price, because excellent management will turn RRL upside down.
Market valution today around 1.24 billion.
My very, very rough Calculation, they are worth 3.5 billion.
Tropicana 30% worth 1 billion.
Duketon 100% worth 2 billion
McPhillamys 100% worth 500 million, price paid plus drilling and associated costs till now.
Takeover price , one wantabe, 2 billion.
Takeover price , more than one competitive buyer 2.5 billion+
Please , Please debunk this theory. As I am usually wrong!
RRL_H1_FY2024_Financial_Results_Presentation.pdf
Even though management r very slow, I think Regal Resources are...
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Last
$2.65 |
Change
-0.050(1.85%) |
Mkt cap ! $2.002B | |||
| Open | High | Low | Value | Volume |
| $2.70 | $2.70 | $2.62 | $5.997M | 2.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4418 | $2.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.66 | 58801 | 6 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| RRL (ASX) Chart |