junior end of the market got routed - due to general market drop, Rudd and his deathwish new tax....
MAK was not alone - then throw in development and capital raising risk = and you have a company with 34 million in the bank, with a market cap of 52.5 million...
2/3's of the share price in cash backing - so both Wonarah and Namibia are valued at virtually bugger all...
The pieces will eventually fall into place, but I'm hoping for equity partner and major offtake (ie China in some state backed form)
down, down, down , page-3
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