I say it again look at the volume today it is being manipulated. They will pay 3 cent dividend in 3 months it will cost 15 million. Assuming they have qtr of 75K ounces then cash will grow by about 41 million before OH, Tax, Royalties, exploration . Cash at end March approx 46 Million. My guess is about 70 million at end June. Easily deal with 15 million dividend. Not sure but I guess they will all have franking credits.
People rotating to take loss prior to end of FY. Assuming 6 cents for 12 months means yield is about 4.8% allowing for FC it is 6 %.
I bought another 20K at 1.25 now holding 40K target 100K ( time average)
I say it again look at the volume today it is being manipulated....
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Last
$4.47 |
Change
0.050(1.13%) |
Mkt cap ! $3.378B | |||
| Open | High | Low | Value | Volume |
| $4.42 | $4.50 | $4.40 | $8.727M | 1.974M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31955 | $4.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.49 | 36327 | 4 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| RRL (ASX) Chart |