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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Mkt cap ! $5.072M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.2¢ | $153 | 4.787K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 389436 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 4468 | 1 |
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No. | Vol. | Price($) |
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3 | 389436 | 0.030 |
2 | 203571 | 0.028 |
1 | 185185 | 0.027 |
1 | 500000 | 0.025 |
2 | 171000 | 0.024 |
Price($) | Vol. | No. |
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0.032 | 4468 | 1 |
0.033 | 102535 | 2 |
0.034 | 658476 | 2 |
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