I agree with all previous comments, however, I'm interested if people think a more experienced miner could turn this place into a cash cow?...........what would happen if for example, a mob like Lihir or Newcrest were to buy out CTO and throw Byrnecut down the hole? Would the ounces start to pile up?
If so, then CTO must remain a strong takeover target. And as such, given the way gold looks like it's heading, is it worth hanging on to this stock?
I for one see better value in other gold companies, but cant help thinking that the quickest way to increase production for a mob like LGL, NCM or SGX might be to buy an operating mine that may be cheap through it's mismanagement.
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $12M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $4.065K | 1.013M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 312044 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 7185216 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 312044 | 0.004 |
28 | 18876937 | 0.003 |
10 | 15478691 | 0.002 |
10 | 15702988 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 7185216 | 16 |
0.006 | 5417960 | 8 |
0.007 | 2263000 | 4 |
0.008 | 3922992 | 5 |
0.009 | 2370800 | 4 |
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