If they take over Hammer, for example, it is highly likely to be a scrip bid. They don't need to raise exploration and working capital dollars for 9 months to a year. Given the prospect of increasing JORC resources and possible new discoveries and copper price firming in this time they have no reason to raise below the price of the last one. $21.5 million in the bank, they are not struggling. Serious exploration and resource growth dollars means excellent potential for positive news.
DYOR Not investment advice
If they take over Hammer, for example, it is highly likely to be...
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36.5¢ |
Change
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Mkt cap ! $62.75M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 6 | 77946 | 36.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 445 | 1 |
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