Can anyone clarify what this chart says? I confess I have no idea.
Seems to me that we are "paying" over $1B to get our hands on $342 in cash and some short life mines (not my opinion, just quoting what I have gleaned).
I would be much obliged to anyone who could clarify what these mines are worth to us and why?
$40 cents club, page-1258
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Last
38.5¢ |
Change
-0.025(6.10%) |
Mkt cap ! $2.618B | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 37.5¢ | $19.58M | 51.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 1454301 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 769187 | 6 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |