They could have cashed up at the start of the original Mt Marion deal but followed through.
I see no evidence to suggest that they won't pursue other opportunities that will potentially be fully funded and generate far more income.
If you had a choice of taking 8 years of profit today to start something bigger or drip feed the same amount over 8 years and have to pay down debt or execute a CR for the same new project/s. Which path would you take?
Time will tell if it was smart, lazy or just plain crazy. Interesting times indeed.
They could have cashed up at the start of the original Mt Marion...
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Mkt cap ! $62.28M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.9¢ | $134.1K | 1.341M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 85243 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 10.5¢ | 333533 | 9 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 10.3¢ | 10.3¢ | 10.0¢ | 212202 | ||
| Last updated 15.50pm 16/05/2024 ? | |||||
| NMT (ASX) Chart |