"You try picking up adjacent land like CDT have next to Novo and unless you pay $30m bucks you ain't got a hope in hell."
Im not sure if anyone will be able to buy this type of land without taking over companies. I believe the market for conglomerate tenements is completely locked up.
This would explain the latest Pacton Gold deal, which was terrible in my opinion from a conglomerate point of view. They spent $2m on two tenements in eastern Pilbara with only 2.3km mt Roe strike and mostly structural gold potential. Seems like is trying to rebrand itself as a structural gold company now that the acquisition of conglomerate tenements has become much more difficult.
Ann: Quarterly Cashflow Report, page-14
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.647M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 22488321 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 4663711 | 3 |
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| Last trade - 16.12pm 19/07/2024 (20 minute delay) ? |
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