"Would RIO TINTO really invest hundreds of millions of dollars in a company that was going to be worthless in a few years or would they be expecting a $10 share price?"
A possibility.
Yes it has to raise millions even if the end is near because mine rehabilitation is necessary before mine closure. After cleaning the contaminated water, there is no reason not to mine out the established resource, which will last for two years. If no new uranium is found, mining has to cease.
"Would RIO TINTO really invest hundreds of millions of dollars...
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $221.4M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $59.14K | 5.388M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 415948 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 838392 | 4 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ERA (ASX) Chart |