Right now, the market is valuing our company at 75m however we are receiving 114m cash for one of our projects, on top of about 8m cash which we already have. On top of that, we will get approx 20m for the rest of the Zara project.
So thats 142m less tax of about 38m... 104m; with exploration potential @ two prospective 100% owned tenaments. One adjacent to Nevsun's mine.
Sorry but I don't see how that will send our SP down to 20c. Plenty of prospective gold mines could have fire sales because they can't raise cash in this environment and I will back Tim Goyder in. Tim Goyder spends plenty of his own wealth buying shares in companies he manages so the comment about management getting a free ride for 3-5 years was a bit unfair also.
china deal?, page-21
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Last
$1.12 |
Change
-0.060(5.11%) |
Mkt cap ! $433.6M | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.16 | $1.11 | $4.128M | 3.670M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39996 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 12789 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |