I get it that the assets we have were bought from a company that had gone into administration, with a dispute attached.
But if we owe 50,000 ounces of gold (which is the lowest estimate above) at $3000 per ounce, it means we owe $150 million of gold! That’s more than 3 times our entire market cap. I don’t understand the Boards announcement that this is ‘not material’??? It seems pretty existential.
Anyway here’s hoping the cap raising is successful and we have raised another $9 or $10 million so we have funds in place in case it all goes wrong.
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Last
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Mkt cap ! $61.22M |
Open | High | Low | Value | Volume |
29.5¢ | 29.5¢ | 28.0¢ | $55.71K | 195.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 12333 | 28.0¢ |
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2 | 95000 | 0.275 |
6 | 64574 | 0.270 |
2 | 10500 | 0.265 |
3 | 30465 | 0.260 |
4 | 23540 | 0.250 |
Price($) | Vol. | No. |
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0.285 | 20000 | 1 |
0.290 | 9452 | 1 |
0.295 | 27183 | 1 |
0.300 | 153500 | 1 |
0.305 | 20000 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Change
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