For goodness sake - Siana has a (fully paid for) modern gold plant and associated infrastructure for it and the already commenced UG mine .... replacement cost of $80-100m (?) and a (conservative) UG reserve of 500k oz of high grade ore and a residual 100k oz in the last part of the accessible open cut mine (which would fund the entire UG development) and this processing facility is the sole plant in the district.
Now the very capable management with long experience in the Phillipines, are confident that in due course the needed permits for an extended tailings dam will come .... Siana when back in production will add $100-200m to the market cap in short order.
Money spent on Siana is money well spent - its a very valuable asset, which must be maintained.
If in the short term, Siana doesnt resume, then the $11m will be well spent on increasing the productive capacity of the WA operations, which, when in full flight, will generate lots of FCF to fund Siana, further acquisitions or whatever. If the next quarterly meets guidance then cash reserves may increase and the NAV/production undervaluation by the market will become even more extreme ... RED remains a bargain!
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For goodness sake - Siana has a (fully paid for) modern gold...
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Last
38.0¢ |
Change
0.015(4.11%) |
Mkt cap ! $1.316B |
Open | High | Low | Value | Volume |
37.0¢ | 38.5¢ | 37.0¢ | $6.184M | 16.37M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 142144 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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38.0¢ | 659807 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 142144 | 0.375 |
11 | 673487 | 0.370 |
10 | 1248128 | 0.365 |
5 | 288325 | 0.360 |
10 | 1102209 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 398699 | 8 |
0.385 | 1870156 | 24 |
0.390 | 2642462 | 31 |
0.395 | 1479840 | 8 |
0.400 | 1648317 | 38 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
37.5¢ |
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Change
0.015 ( 3.79 %) |
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Open | High | Low | Volume | ||
37.0¢ | 38.5¢ | 37.0¢ | 6596450 | ||
Last updated 15.59pm 28/03/2024 ? |
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