Given that only a small percentage of shares are available for sale, it is possible that large instos may not be interested as they will not be able to take a large position per se. Is that a possible scenario?
Now, if the company is going to be making several hundreds of millions over the years, will it continue to buy other projects or pay dividends to shareholders that may be larger than the current share price?
What are the likely future scenarios? We do know the company is likely to be flush with cash and debt free.
Ann: Coolgardie Gold Operations - Bonnie Vale Ore Reserve Update, page-8
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 15.0¢ | $3.876K | 25.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13870 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 47831 | 2 |
View Market Depth
| Last trade - 13.07pm 27/05/2024 (20 minute delay) ? |
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Last
15.0¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 15.0¢ | 15.0¢ | 15.0¢ | 2000 | ||
| Last updated 12.25pm 27/05/2024 ? | |||||
| FML (ASX) Chart |