Hi Esh,
From this point onwards (not considering what individual investor's entry points were) seems like a highly skewed proposition:
Asset Sale to RRL and in-specie distribution to CMM shareholders
- RRL has previously made a TO offer for 11.4c per share
- Walked away after it was clear it was not going to happen, a hurdle that may have now been removed
- AUD gold price now c. $190 higher than when offer was made
- Project is ready to go and will provide RRL with near term growth, much quicker than McPhillamys will for them
New Board intend to proceed and build a mine
- DFS complete and robust
- Funding package is in place
- Upside from exploration
- Upside from current gold price vs. DFS
- Canaccord Target price 19c
Either there is a ST capital gain via a TO (or asset purchase) or alternatively a mine is built in the near term with, potentially, revenue locked in at far better levels than the DFS assumptions.
Cheers
John
Hi Esh,From this point onwards (not considering what individual...
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Last
$6.49 |
Change
0.050(0.78%) |
Mkt cap ! $2.397B | |||
| Open | High | Low | Value | Volume |
| $6.43 | $6.55 | $6.37 | $6.461M | 999.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2845 | $6.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.50 | 4682 | 3 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |
