Not even close to finished yet but so far I have:
Good:
- Near term financing commitments sorted with recent raise.
- Lots of ancillary projects to be funded from the main open pit gold mine, few or non of which are included in current market cap.
- Some of said projects have derisked exploration upside.
- A surprisingly solid joint venture with the government of Cuba, an unloved and resource rich area.
- Legal proceedings at approx x2 market cap for which could settle for around half around the time the open pit mine really needs the money.
- A very accomplished company head with a fantastic track record of value accretive company building.
Bad
- Looks like a bit of a one man band operation with an 83 year old figurehead preaching patience on what looks like a 2-3 year hold. I don't wish to be cruel, but I'm concerned when a company looks so top heavy, especially when I consider my grandparents are around this age.
- Self identified financing risks by Brian. What if his talks fall through and because of the Cuban environment other financing is hard to achieve?
- It's a bit of a slow burn share price rise to my mind.
Conclusion, happy to take a position when I have the money and if I can get a good entry and looks like something I'd happily average up on if things were going well.
For the regulars, these are the musings of a very tired individual interested in your company that spent an hour with their announcements. Feel free to chip in your bullish and bearish views.
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- Ann: Corporate Presentation
Ann: Corporate Presentation, page-30
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.845M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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46 | 44529674 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 27724676 | 23 |
View Market Depth
No. | Vol. | Price($) |
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42 | 42453137 | 0.003 |
32 | 48813145 | 0.002 |
12 | 26229950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 27724676 | 23 |
0.005 | 2210404 | 6 |
0.006 | 1835216 | 4 |
0.007 | 2906213 | 3 |
0.008 | 4500000 | 3 |
Last trade - 16.12pm 14/08/2024 (20 minute delay) ? |
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