That's insane. There are zero efficiencies in this. Nothing. Anglo Gold had pre-emptive rights, they know the asset better than anyone and they have let it pass. IGO were expecting a price north of 500 mil and Regis came over the top with 900 mil. I had a heavy weighting to Regis in the gold sector- I'm now a seller. A stupid price when they could well have internally funded their own projects. The price they paid was appropriate to a gold price of US$2050-2100/oz. Regis just went from being the best/cheapest mid sized gold producer to arguably the worst with the board having transferred value from their own shareholders to those of IGO.
That's insane. There are zero efficiencies in this. Nothing....
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Last
$4.14 |
Change
0.020(0.49%) |
Mkt cap ! $3.129B | |||
| Open | High | Low | Value | Volume |
| $4.12 | $4.18 | $4.05 | $9.126M | 2.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10408 | $4.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.15 | 3770 | 2 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| RRL (ASX) Chart |