the main thing is RSG has about 26% holding in the company.They basically control it. My take is if after COVID19 restrictions are lifted RSG will be wanting to explore it further to see what is underground. If it prove to be sound, they will increase their holding in the company .As the company has good cash back ,(about 7 million ) i think there will not be a capital raise for them to take more chunk of the company, instead they will have to buy on market which will push share price eventually. At this price level enterprise value of the company is crazy and is a great punt .All in my opinion do your research. I have bought a small parcel today
the main thing is RSG has about 26% holding in the company.They...
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $168.4M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.3¢ | $93.66K | 416.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 307971 | 3 |
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| Last trade - 12.43pm 24/07/2024 (20 minute delay) ? |
| TCG (ASX) Chart |