To strengthen the balance sheet, Rolls has identified potential disposals which would generate over £2bn. The group had total liquidity of £6.1bn at the end of June, including £4.2bn in cash and £1.9bn in undrawn credit. A further £2bn loan was finalised this month.
These numbers are very good - price will re-rate to 150p in time. Great to have this rights issue
don't lestin to anybody here - read the updates and do some dd. 72% increase in gold production in Q32020 alone thats £33m for the Q3 - approx £120m per year, mkt cap less than half that....
@ £60M profit (its is gold we are talking about here so 50/50 cost to profit) - 4/5 times that gives you value of £200M mkt cap, and your share value of 10p.
No rocket science - he! he!
why down - so we can buy. and sell later in the year. whenever your comfortable.
oh its xmas here - it has come early and right time. Believe and you shall prosper, deny and you shall be squashed - and stay miserable at xmas. oh dear