Not even close to finished yet but so far I have:
Good:
- Near term financing commitments sorted with recent raise.
- Lots of ancillary projects to be funded from the main open pit gold mine, few or non of which are included in current market cap.
- Some of said projects have derisked exploration upside.
- A surprisingly solid joint venture with the government of Cuba, an unloved and resource rich area.
- Legal proceedings at approx x2 market cap for which could settle for around half around the time the open pit mine really needs the money.
- A very accomplished company head with a fantastic track record of value accretive company building.
Bad
- Looks like a bit of a one man band operation with an 83 year old figurehead preaching patience on what looks like a 2-3 year hold. I don't wish to be cruel, but I'm concerned when a company looks so top heavy, especially when I consider my grandparents are around this age.
- Self identified financing risks by Brian. What if his talks fall through and because of the Cuban environment other financing is hard to achieve?
- It's a bit of a slow burn share price rise to my mind.
Conclusion, happy to take a position when I have the money and if I can get a good entry and looks like something I'd happily average up on if things were going well.
For the regulars, these are the musings of a very tired individual interested in your company that spent an hour with their announcements. Feel free to chip in your bullish and bearish views.
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- Ann: Corporate Presentation
Ann: Corporate Presentation, page-30
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.35M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $5.457K | 496.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 4709236 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 705440 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 4409236 | 0.010 |
11 | 8072338 | 0.009 |
5 | 5805000 | 0.008 |
2 | 1568571 | 0.007 |
1 | 500000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 623947 | 4 |
0.012 | 1480000 | 3 |
0.013 | 538889 | 3 |
0.014 | 2163025 | 3 |
0.015 | 2751412 | 2 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
1.1¢ |
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Change
0.000 ( 4.76 %) |
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Open | High | Low | Volume | ||
1.1¢ | 1.1¢ | 1.1¢ | 618204 | ||
Last updated 14.44pm 10/05/2024 ? |
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