I'd say the reason for not buying the mine outright is all about opportunity cost, ie what is the best return for capital.
I would assume that they consider opening new stores in Asia where demand for diamonds is increasing, spending money on marketing campaigns etc would provide a better return on the capital that would otherwise be required to purchase the mine.
There's also the 'hassle factor'...reporting, accounting, jurisdiction regulation etc.
Cdchi1
finally a holder, page-36
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Last
69.0¢ |
Change
-0.020(2.82%) |
Mkt cap ! $187.2M | |||
| Open | High | Low | Value | Volume |
| 70.5¢ | 70.5¢ | 69.0¢ | $45.83K | 65.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 68410 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 31590 | 1 |
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| Last trade - 12.30pm 15/11/2024 (20 minute delay) ? |
| GRX (ASX) Chart |
