Disappointing decision by the Board. OKU has raised $71 million in the past 4 years to prove up their resource. The board put a raising price of 32 cents per share in 2020. Now, after all the exploration spend, the board accepts an offer of $90 million or 17.5 cents per share. They are trashing shareholder value. The company management must be incapable of converting the company from an explorer to a gold producer. The initial resource is 668,500 ozs x $A 2,581 = $ 1,725,398,500 revenue. The NPV value is substantially higher than the offer accepted by the board. Never invest in companies with any of these board members or management.
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