agree with dk cash position is tight been suckered into to many of these where they give great announcements to get the sp up and then they dilute the holdings with a share placement and the sp tanks
Cap is cheap though and near surface so little strip plus the ability to combine 2 pits plus reasonable grade plus close to around 3 plants for toll treatment.
say 200,000 ounces and net $100 an ounce thats $20M
so probably fair price its trading at.
gold, page-17
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Last
4.5¢ |
Change
0.001(2.27%) |
Mkt cap ! $23.67M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.5¢ | 4.3¢ | $7.303K | 162.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1151047 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 250000 | 1 |
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| Last trade - 15.38pm 27/09/2024 (20 minute delay) ? |
| AAM (ASX) Chart |