I wouldn't be surprised if their is a merger in the not too distant future.
I think they have proven the plant works its just a matter of gold grades now.
Maybe selling Mt Ida is part of making the company easier to value for any group looking at a takeover.
I believe it would make sense to merge with another miner in the area and pool the resources together.
2 distressed companies, one big opportunity., page-6
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Last
59.0¢ |
Change
0.020(3.51%) |
Mkt cap ! $1.098B | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.5¢ | 57.5¢ | $3.837M | 6.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45638 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 99498 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| OBM (ASX) Chart |