This is amazing news in my opinion. From explorer to producer.
Based on the current financials (not including scaling up current production) of the proposed acquisition this would significantly re-rate KAU something in the order of $1.00 per share.
The prospectus will obviously contain far more detail with respect to the arrangement.
But current KAU shareholders will be significantly richer when trading resumes in Dec.
Ann: Material Gold Acquisition, page-44
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Last
14.5¢ |
Change
-0.010(6.45%) |
Mkt cap ! $29.64M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.0¢ | $5.117K | 35.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19999 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 115000 | 2 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| KAU (ASX) Chart |