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3.26%

$4.75 tribune resources limited

Gold on Hand Worth MORE than Mkt Cap!, page-35

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worzel1

1,107 Posts.

115

14/12/16

12:24

Post #: 21328901
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Originally posted by worzel1 ↑

At current gold prices ($1670) I calculate, on a pre-tax basis, that TBR's current Mkt Cap is about $66M below gold value. This is based on estimated current gold holdings - ie. adding a further 5 months of gold accumulation since financial year end.

RND's is about $42M below gold value.

I estimate the gold price would have to drop to about $1,340 for the gold value to match TBR's current share price.

@Wack, TBR holds 149,871 ozs directly at EOY. They are also entitled to 44% of the gold held by RND, 42,896 ozs at year end. You also have to factor in that RND is entitled to 26% of the gold currently held by TBR.

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Punched $1,670 into my model by mistake when it should have been $1,570. Gold price now $1,545. RND and TBR share prices have also fallen.

With the size of the RND share price drop mkt cap remains at $42.4M below gold value - despite dropping the gold price $125 per oz. Current market cap $96.2M. So gold worth 40% more than current market cap......hmmmm.

TBR mkt cap at $44.5M below gold value......

TBR Price at posting: $5.25 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $4.75		Change 0.150(3.26%)		Mkt cap ! $230.8M

Open	High	Low	Value	Volume
$4.60	$4.75	$4.59	$10.06K	2.151K

Buyers (Bids)

No.	Vol.	Price($)
1	14	$4.49

Sellers (Offers)

Price($)	Vol.	No.
$4.75	1	1

View Market Depth

No.	Vol.	Price($)
1	1100	4.850
1	2079	4.800
2	2250	4.600
1	538	4.500
1	550	4.310

Price($)	Vol.	No.
4.960	1	1
4.970	2	1
5.120	1000	1
5.200	200	1
5.500	100	1

Last trade - 15.08pm 28/11/2024 (20 minute delay)

TBR (ASX) Chart