I wouldn't buy this company even if it went under 1 cent.
Why?
Because it has nothing. Botswana exploration is all in vain. WA is all speculative. That's why this company should not be worth anymore than 1 - 1.5 cents.
I think the company only has $3 million in the bank. Please correct me if I am wrong.
The current market cap on having a few permits, inferred rubbish resource, proven uneconomic mining (it were to be given a mining permit - highly unlikely) and $3 million in the bank is outrageous at $28 million.
Should be a $10- $15 million market cap exploration company at best in my opinion. I think I've said this already earlier
The old Botswana Metals, page-41
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Last
0.2¢ |
Change
0.001(50.0%) |
Mkt cap ! $3.553M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1.234K | 623.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 75 | 197118795 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 20681136 | 26 |
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| Last trade - 13.33pm 23/08/2024 (20 minute delay) ? |
| SI6 (ASX) Chart |