Oh Yes, Big picture is looking just like this:...............
Summary :
1: Initial offer received in January when Gold price $2,000 ---> TODAY BIG 18% Increase to $2,340
2: Npv has increased from Scoping study from around $600 million ---> TODAY BIG 50% Increase +$900 million.
3: Silver price when offer received in January was $22 ---> TODAY BIG 27% Increase.
4: Mining licence know RECEIVED !! --- YipeeeePRICELESS !
5: Only thing that hasn't increased is the shareprice ---> Let's call that our OPPORTUNITY !
So, what will the Small Capital Raise be if they don't sign the definitive Agreement within the next few weeks ?
Where was the Gold price when Chifeng were happy to pay 40c for a placement you ask yourself ?
So if Chifeng were happy to pay 40c with NO MINING LICENCE & a much lower $1,800 Gold price & NO BID on the table, then will they be happy to participate in a small placement at say 40c AGAIN when there is a total 62c offer on the table & all of the above ????
I'll make the bold statement that if they do a small placement to enable themselves longer to negotiate then it's going to be at a PREMIUM & not a discount as the market is expecting here at 18c...
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Mkt cap ! $45.06M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 22.0¢ | $46.78K | 204.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 28981 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 150000 | 0.225 |
3 | 27949 | 0.220 |
2 | 54655 | 0.215 |
2 | 34103 | 0.210 |
3 | 21627 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 28981 | 1 |
0.240 | 39584 | 1 |
0.245 | 65000 | 1 |
0.250 | 243695 | 4 |
0.255 | 7753 | 2 |
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