While we are waiting for higher grade ore and Plant 1 operational, I've turned my mind to risks. Here's what I've come up with:
1) Substantially reduced gold price (low risk?)
2) Equipment breakdown requiring months of replacement/repair (medium risk?)
3) Takeover at low prices; Metal Tiger Mk II (medium risk?)
4) Dilution through capital raising or otherwise (medium risk?)
5) Government arbitrary mine closure (low risk?)
There may be more risks that I haven't realised.
Once we have higher grade ore and Plant 1 operational, I can't see the share price being below $2 and probably over $3. And once debt is fully paid and dividends start, the share price has got to be above $4.
Waiting for news ...
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$1.26 |
Change
-0.005(0.40%) |
Mkt cap ! $323.4M |
Open | High | Low | Value | Volume |
$1.25 | $1.27 | $1.24 | $240.7K | 191.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1920 | $1.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.28 | 7667 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 29552 | 1.250 |
3 | 38760 | 1.240 |
1 | 2429 | 1.235 |
1 | 813 | 1.230 |
1 | 2200 | 1.225 |
Price($) | Vol. | No. |
---|---|---|
1.275 | 5746 | 1 |
1.280 | 780 | 1 |
1.300 | 10054 | 2 |
1.350 | 3787 | 1 |
1.360 | 13000 | 2 |
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