So, who can you trust in the gold mining space? Not TSO obviously. Retractions on instruction from the ASX seem to be par for the course with TSO.
As for today's retraction following instruction from the ASX because of misleading comparisons, they now have further misleading and incorrect information.
Witness the chart of valuation comparisons across explorers on slide 12. They refer to the Mallina Project at De Grey and give a spuriously high EV to Resource so that TSO can look great value. Fact is the JORC resource for the Mallina Project is 9 Moz whereas they only quote the 6.8 Moz for Hemi, which is just one area of the Mallina Project. That makes a big difference to the valuation and drops the EV to Resource for DEG from $230/oz down to $174/oz.
TSO obviously believe in the Cheshire Cat "I'm not crazy, my reality is just different than yours".
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- Ann: Retraction and Replacement Mines and Money Presentation
Ann: Retraction and Replacement Mines and Money Presentation, page-19
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Last
2.4¢ |
Change
-0.003(11.1%) |
Mkt cap ! $37.28M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.4¢ | $270.7K | 10.83M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1046000 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 725930 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1046000 | 0.023 |
5 | 1476726 | 0.022 |
3 | 550000 | 0.020 |
2 | 199995 | 0.015 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 725930 | 1 |
0.025 | 2135002 | 2 |
0.027 | 650000 | 2 |
0.030 | 4089 | 1 |
0.033 | 123000 | 2 |
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