I agree. $5 to $7Million cash would be ideal and the rest in shares (not overprice) plus options on the performance,
if they spend over $5 million on the project, if resources go above $3Moz or any major discoveries in the next few years for example.
Hope management is on the phone with all interested parties and trying to secure the deal... so this overhang and pressure on the shareprice can go away asap.
market cap of $8m is just ridiculous... but market wants some news and certainty about next steps.
Nobody is really selling at this prices... but nobody buying hard either. Patience required until we get better news.
I guess that is coming in April or when exclusivity agreement with Tiger is over. Management should update the market about that.
Ann: Maiden Resource Estimate at Ono Gold Project PNG, page-60
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.195M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314809 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 6860751 | 7 |
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