It is the 2nd time they have made an on-market purchase - they bought 2.5million shares back in early December as well.
Don't forget - While the last Dateline Quarterly showed that they only had $158,000 cash left, they also have access to $400,000 that was on the Golden Phoenix balance sheet (refer earlier announcements) and which would be put towards eventual exploration.
It is also intriguing that the the shareholders of Golden Phoenix "nominally" sold the company to DTR for 25m DTR shares at a cost of 5c each. This "implied" that the transaction was valued at $1.25m when in fact it is probably only $250,000 (@ 1c per DTR share).
Finally - even after the issue of the 25m shares, Dateline has less than 102million shares on issue and its Mkt Cap is basically just $1,000,000.
Ordinarily, all these shenanigans would look somewhat dodgy to me, but Mark Johnston (Chairman) is a very reputable gentleman with Macquarie Bank pedigree and I would have to speculate that somewhere down the track, DTR may pull a rabbit out its hat (which would be much better than it pulling a hare out of its ar$e - lol!).
Worth a punt at 1c/1.1c IMO
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.47M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $464 | 92.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 7204999 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 2207396 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 7204999 | 0.004 |
8 | 9350249 | 0.003 |
5 | 7600001 | 0.002 |
4 | 6600001 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2207396 | 3 |
0.006 | 9994426 | 12 |
0.007 | 6537333 | 4 |
0.008 | 2075005 | 3 |
0.009 | 246979 | 2 |
Last trade - 15.49pm 11/10/2024 (20 minute delay) ? |
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