Not sure if you listened to the call, but Jeff said it would be "years" before they were comfortable to invest in Sudan, so Meyas Sands is basically on the shelf for some time (I am fine with this). He also talked very frankly about inorganic growth versus organic, so I can only gather that the market is cautious about what's going to happen with the cash mountain in terms of M&A. They're clearly looking at every opportunity, but he also made a very interesting comment along the lines of "there's a big disparity between companies who promote projects and companies who actually develop and execute them", and "there are projects out there that look great but when you peel back the layers and take a look it's a different story" (these are not exact quotes, I'm going from memory, but that was the gist). So I expect they'll be very disciplined but that might mean having to pay overs for a more developed project than what they've previously gone for. If there's a recording I recommend listening to it. Cheers
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$2.35 |
Change
0.030(1.29%) |
Mkt cap ! $3.228B |
Open | High | Low | Value | Volume |
$2.32 | $2.37 | $2.29 | $6.953M | 2.966M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 211468 | $2.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.37 | 61323 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 139991 | 2.350 |
5 | 123564 | 2.340 |
3 | 16997 | 2.330 |
3 | 60570 | 2.320 |
1 | 8415 | 2.310 |
Price($) | Vol. | No. |
---|---|---|
2.370 | 12625 | 2 |
2.380 | 54958 | 7 |
2.390 | 120316 | 4 |
2.400 | 29745 | 6 |
2.410 | 17851 | 3 |
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