It's actually the price I said it would be (~2.5c) and it's nothing like the FMG deal.. Which from memory was something like ~$16M as it included costs for drilling.. This is a straight selling of 25% for $1.75M. I won't go on about it, but it's actually worse than I thought. I thought it'd just be a CR and they'd get enough cash to find a farm out that involved drilling, or wait until they knew whether they were going to get the other 50% and farm out 75% to someone like CP for a multi-year drilling campaign... Instead we've seen 75% of Derby sold for $5.75M in the past 6 months in desperate sales.
bah.
3.5 cent placement well done, page-25
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Last
2.1¢ |
Change
-0.002(8.70%) |
Mkt cap ! $12.18M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.0¢ | $93.14K | 4.474M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 118879 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 450532 | 2 |
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| Last trade - 13.48pm 15/11/2024 (20 minute delay) ? |
| EMP (ASX) Chart |