The NSW L/NP government will be very keen for the economic activity. As long as Mcphillamys environmentals are reasonable, they will wave it through and give holders a vigorous re-price.
RRL could look quite different in a year or two: Duketon 370k oz, Tropicana (30%) 150k oz and Mcphillamys 200k oz = 730k oz. Three big producing Au mines, a diluted and run-down hedge book, solid exploration targets and debt in active run-off.
Uncertainty whether AngloGold exercises pre-emptive rights. Alternately, they may decide to realise Tropicana and sell the rest. Stranger things have happened.
Ash
Tropicana, page-37
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Last
$1.84 |
Change
0.025(1.38%) |
Mkt cap ! $1.386B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.84 | $1.80 | $4.456M | 2.446M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10918 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 44348 | 5 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |