The only aspect I'm disappointed in is the lack of information in regard to the benification of the lower grade ore.
By now they must know how this is going, yet have told shareholders nothing. The only conclusion to be drawn is not as well as hoped for, or it's not a cheap enough process. This is probably part of the reason for the sell down.
By keeping lots of capital, we will probably find out shortly why. Possibly something in the wings to aquire, or perhaps something positive in Brazil.
This from the last update from cleveland mining....
"the Company can confirm that it
is advancing the documentation of a transaction however at this stage it is not in a completed form that would allow for a market release.
As soon as the transaction does complete with the finalisation of relevant documentation, an
announcement will be made and a lifting of voluntary suspension sought. The timing of this
is expected within the next two weeks."
That was on the 20th feb.
I'm trying to find some cash to buy more while they are cheap.
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30.0¢ |
Change
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Mkt cap ! $865.7M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 33 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 3 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 372904 | 0.300 |
5 | 137700 | 0.295 |
10 | 279158 | 0.290 |
2 | 26564 | 0.285 |
5 | 63404 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 30747 | 4 |
0.310 | 98088 | 3 |
0.315 | 82500 | 2 |
0.320 | 161605 | 2 |
0.325 | 248500 | 1 |
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