I think this is the right way for MAT to go.
Develop the ground and sell it off rather than go mining. I'd have preferred more cash upfront rather than this particular deal offers as there will most likely be an escrow on the Linden shares after listing.
I've included a couple of screenshots from Linden's web page.
Worth going to their site for a look.
They have a toll treatment deal with St Barbara for their Fortune Mine and a $16m debt facility from St Barbara.
With the new year comes renewed hope of a change of fortune for MAT.
Ann: $20M Sale of Red October and Devon Gold Projects, page-19
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.52M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.1¢ | 3.1¢ | $12.54K | 404.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1300000 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 574291 | 2 |
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| Last trade - 10.08am 18/09/2024 (20 minute delay) ? |
| MAT (ASX) Chart |