@ Catch2020
ok, who is to say when it gets “there”…
especially if the buyout materialises … next month? September? Or we get to mining and start receiving divs with xx% yield?!
the bottom line is at conservative estimates, the SA asset should be valued at 300mil even if we don’t take into account further exploration and what not and focus on 1st stage of development… Selling and buying will happen until it doesn’t …
I keep referring to Cardinal resources example, but with their BFS! (valuation at hand) they were trading at 35c on asx. Up until they were bought at $1.05. Not comparing the two but just shows how efficient the market is, especially when it comes to other jurisdiction.
Ann: Mining Right Granted at Witwatersrand Basin Project, page-139
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1.4¢ |
Change
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Mkt cap ! $35.58M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $73.78K | 5.270M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 6920916 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 38341 | 1 |
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