Captain, another thing going on in the background with RRL is the potential sale of Newmont's 20% holding. It was reported in the AFR a few weeks ago that investment banks were putting proposals to Newmont to get a hold of the stake. I assume there is a good chance of this happening (at the right price) otherwise it wouldn't be reported.
The GDX would probably like to get a chunk given they would need to buy ~5% of Regis if they included it in the fund (estimating it based on NST holding).
Regis is relatively tightly held with Newmont having its 20% and management/directors having 13%.
Even if it got to US$750M market cap I think that probably has to be maintained for a quarter or two before they put them into the GDX so probably unlikely.
Captain, another thing going on in the background with RRL is...
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Last
$2.52 |
Change
0.000(0.00%) |
Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.55 | $2.50 | $4.809M | 1.905M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63260 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 48105 | 3 |
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| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
