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14:41
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Originally posted by John8769:
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That would be an enterprise value of under $20m based on their 31 October cash balance plus tranche two equaling over $6m. Assuming about 200m fully paid shares undiluted. Seems rather absurd for a brownfields gold play beside top 10 global gold infrastructure with at least 4 shallow 100 + gram x metre hits vs some greenfields exploration comps drilling further out. However this bid tapping, ask stacking cap algo is relentless. Seems to have been dialled down a bit today though. Maybe it can sense the wall building on the bid and the off screen wipes.
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Agree, but I never discount what Regal are capable of or their reasoning - do they lend their stock out for short selling and algos?
(20min delay)