I wouldn't be surprised if their is a merger in the not too distant future.
I think they have proven the plant works its just a matter of gold grades now.
Maybe selling Mt Ida is part of making the company easier to value for any group looking at a takeover.
I believe it would make sense to merge with another miner in the area and pool the resources together.
2 distressed companies, one big opportunity., page-6
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $743.7M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 39.5¢ | $572.3K | 1.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72533 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 30230 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| OBM (ASX) Chart |