You can't say that was an opportunistic bid. The bid was 70% above Spectrums 30 day Vwap and $760 per ounce is overs no matter which way you spin it.
Here's a comparison example of what EV per resource oz looks like today.
BGL is currently valued at one fifth that price per resource ounce and their resource grade sits at 9.9gt.
Ann: Penny Gold Mine Update, page-24
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 (20min delay)
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Last
$2.16 |
Change
0.040(1.89%) |
Mkt cap ! $2.494B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.20 | $2.14 | $6.902M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 36399 | 6 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |