That's a pretty penny.
I think creasy got about $6million in shares, kept 40% of the nickel project and a free carry on exploration cost.
He had 4 holes I think drilled from memory, so while he had proven there was nickel, his price was quite alot higher, I think it's too rich also, but the thing is when you take shares you are gambling on there actually being sth there, if it blanks off you aren't ever seeing $3million value for those shares.
Only when the drills roll in will we know if it's worth the price.
Ann: Errawarra - Acquisition of Outstanding Nickel Prospect, page-3
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ERW (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.0¢ |
Change
0.006(6.38%) |
Mkt cap ! $9.592M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.5¢ | 9.1¢ | $126.5K | 1.274M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 32000 | 1 |
View Market Depth
| Last trade - 15.56pm 27/09/2024 (20 minute delay) ? |
| ERW (ASX) Chart |