As a guideline, perhaps, we can consider that this morning FML has launched a buyout of its Coolgardie Gold JV.
Focus is paying $64m for the 50% it doesn't own and receiving 100% of the 1.8Moz and the 1.2Mtpa Three Mile Gold Plant.
So what would KAL shareholders accept for its 1.5Moz plus, highly prospective Nickel tenements???
ASX / MEDIA RELEASE 6 MARCH 2008
FOCUS UNVEILS $64M STRATEGY “TWO GOALS – ONE FOCUS” TO BUYOUT COOLGARDIE GOLD JV, AND ACCELERATE PRODUCTION IN BOTH GOLD AND NICKEL
KEY POINTS
• Focus moves to 100% ownership of Coolgardie Gold Project by acquiring Committee Bay’s 50% interest for $22.0M in cash, and 140 million fully paid shares in FML at 5.5 cents.
• A$36.6M debt and equity funding package announced, including a Share Purchase Plan.
• Transaction to deliver 100% ownership of the 1.8Moz Coolgardie Gold Project (WA), including the 1.2Mtpa Three Mile Hill gold plant – significantly increasing FML’s exposure to the gold price.
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2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.531M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.4¢ | $3.205K | 130.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 273 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.023 |
1 | 22341 | 0.022 |
3 | 482544 | 0.021 |
1 | 50000 | 0.019 |
1 | 30000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 273 | 1 |
0.025 | 1435914 | 2 |
0.026 | 295939 | 1 |
0.027 | 275000 | 2 |
0.028 | 602076 | 3 |
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