Capital raising was sort of expected.
Looking at their latest presentation ALK was down to $9m, from $22m around a year ago.
The only option to avoid that was only if the interested parties looking at Newmont's 51% share of McPhillamys was ready to buy it, which could be a few months off.
Again, if Newmont sold McPhillamys, then I'm sure ALK would have been interested in selling our 49% interest as well.
So its not all bad. imo, its a positive thing.
The only thing, I'm not happy with is the NSW govt approval process, which is delaying things.
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Last
51.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $307.7M |
Open | High | Low | Value | Volume |
49.0¢ | 51.5¢ | 48.0¢ | $796.9K | 1.586M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 110267 | 51.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.5¢ | 1126 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 110267 | 0.510 |
8 | 109600 | 0.505 |
9 | 146566 | 0.500 |
3 | 135558 | 0.495 |
5 | 144100 | 0.490 |
Price($) | Vol. | No. |
---|---|---|
0.515 | 893 | 5 |
0.520 | 89312 | 8 |
0.525 | 75774 | 4 |
0.530 | 8640 | 3 |
0.535 | 27778 | 6 |
Last trade - 13.37pm 10/07/2024 (20 minute delay) ? |
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