$531k cash on hand
376M shares on issue
market cap at 0.2c $752k - EV of just $231K !
Major overhang MFC and their 29M shares were taken out at 0.4c off market
New major shareholder ConsMinerals from Singapore subscribed for 50M shares at 0.5c to get set
Case against Liongold for $13M awaiting mediation. Rumour is company will seek settlement of $2-3M - whether Liongold pay or not is different story
Chance they may JV or sell Que and Hellyer Resource projects
Actively in discussions and seeking a new project vend:-
Has to be one of the cleanest and most attractive little shells going about. Market has sold it off due to no pending catalysts, however a Liongold Mediation date or asset vend would change that in an instant
Given Consminerals were set at 0.5c, I imagine any project vend would be at a similar level, which is a quite reasonable $1.8M market cap
Expecting news or update in March
Patience should pay off for anyone jagging these at 0.3c, as both major shareholders paid at least 0.4/0.5c for their combined 79M shares
Selling has been very light under that level
$531k cash on hand 376M shares on issue market cap at 0.2c $752k...
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Last
7.5¢ |
Change
-0.003(3.85%) |
Mkt cap ! $13.59M | |||
| Open | High | Low | Value | Volume |
| 7.6¢ | 7.6¢ | 7.5¢ | $6.758K | 89.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 7.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 4000 | 1 |
View Market Depth
| Last trade - 12.13pm 17/05/2024 (20 minute delay) ? |
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Last
7.4¢ |
Change
-0.003 ( 7.50 %) |
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| Open | High | Low | Volume | ||
| 7.4¢ | 7.4¢ | 7.4¢ | 20000 | ||
| Last updated 12.13pm 17/05/2024 ? | |||||
| GW1 (ASX) Chart |