The gold value remains at an elevated $71M above the combined market cap of TBR and RND. That's 27% above the market values of the two companies before considering a value for the mine producing the gold.
Update: Gold at $1,605; TBR at $5.45; RND at $1.72.
The consolidated gold holdings would be about 205k ozs after adding gold accumulated since mid year. About $329M.
TBR mkt cap is $272.5M.
RND mkt cap is $103.5M
Total $376M.
To determine the value of shares held by external shareholders we need to eliminate the cross holdings. This should be done because ultimately everything owned by the 2 companies is owned by the external shareholders
The 44% TBR owns of RND is worth $45.7M.
The 26% RND owns of TBR is worth $71.7M.
Total $117.4.
$376M less $117.4M equates to $258.6M
Therefore the combined external shareholders of the 2 companies own gold valued at $376M and the value of their shareholdings is worth $258.6.
Gold on Hand Worth MORE than Mkt Cap!, page-45
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Last
$4.90 |
Change
-0.030(0.61%) |
Mkt cap ! $230.8M | |||
| Open | High | Low | Value | Volume |
| $4.93 | $4.93 | $4.90 | $61.74K | 12.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5484 | $4.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.89 | 2980 | 1 |
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| Last trade - 10.54am 25/11/2024 (20 minute delay) ? |
| TBR (ASX) Chart |
