not much according to management when you look at their proposed merger. Anyone think that company with no resource has spent $40m to date? Probably only $500k. Shareholders have repeatedly been wrong about valuing this above where management think it is worth. This is evident from repeated discounted placements and now the price accorded to MKG's assets in the proposed merger: not just the gold but the Mn too.
So if management think it is close to worthless, then they must be right. Otherwise what? Deliberately shifting the equity elsewhere at the lows?
Thats it Gold is offically on the back burner, page-70
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $8.784M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.8¢ | $67.73K | 7.540M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164523 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 437800 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MKG (ASX) Chart |