I wonder if that is Mr Kirk bidding at 5.2c ? Exactly 50%...

I wonder if that is Mr Kirk bidding at 5.2c ?

Exactly 50% discount to cash holding

So no EV attributed to the project (which should have initial results shortly), a huge discount to cash and a second acquisition on the way

Effectively, they can spend $500k on the 2 projects, get a free carried look through all those results and still be well below cash backing even at 8c

Was sold down on light volume, so expecting this to sit at more reasonable levels 6-8c until news. Perhaps Mr Kirk will give it a push once he has his fill at such a big discount to cash