I think the company should prove to the market that it has absorbed Edna May before taking any more corporate action. To me another purchase so early off the heals of the last would signal a change of tack to an irresponsible devil may care attitude and also signal potentially bigger troubles in the company (ie desperation of some kind). I don't believe this is the case and I don't believe you need world class mines to make money from gold mining. All you need are well managed operations.
If I want some at this price I'm going to have to wake up early.
I'm changing my sentiment from hold to buy at this point, even with the uncertainty that Edna May brings.
Eshmun
Ann: Results of AGM, page-34
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Last
$2.33 |
Change
0.050(2.19%) |
Mkt cap ! $2.675B | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.34 | $2.28 | $8.955M | 3.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2788 | $2.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 92898 | 8 |
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| RMS (ASX) Chart |