Just a little theoretical exercise for now but may well come into fruition sooner rather than later
As confidence grows with positive incremental announcements from the Company many existing and new Stake Holders appear to be adding to their holdings and that is understandable when you consider If the Magnetite Range Deposit was Sold ( assuming the Board Recommends this course and Share Holders approve ) for the lowest Valuation by Brokers the Company would have 100 to 120 Million Dollars in the Bank Plus other potentially Valuable Assets
One option amongst many no doubt could be canvassed would be a Capital Return to the Owners (Share Holders) of course maintaining adequate funds to fully maximise the other Assets
The way I see it there is a deminishing risk window of opportunity to buy for 20c and turn it into 70 odd cents plus still retaining ownership in the Company
Please be aware this is my opinion only and is intended as a discussion amongst Hot Copper Members do your own homework as they say
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.937M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1080000 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 50000 | 1 |
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| Last trade - 16.21pm 16/09/2025 (20 minute delay) ? |
| ACS (ASX) Chart |
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