re: Ann: New Joint Venture in Lake Gairdner D... Hi Guys,
Just to illustrate how de risked this play is have a look at this:
113,250,000 - shares on issue
7c - current share price
$6,645,000 - current cash
113,250,000 x .07 = 7,927,500
7,927,500 - 6,645,000 = $1,282,500
The EV of this company is a ridiculous 1.2m!!
They have plenty of cash and some massive targets in an area which is hot, just check out surrounding companies drill results to see what im talking about.
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Mkt cap ! $238.9M |
Open | High | Low | Value | Volume |
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4 | 136389 | 0.093 |
5 | 229215 | 0.092 |
2 | 220000 | 0.091 |
6 | 249211 | 0.090 |
Price($) | Vol. | No. |
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0.095 | 11172 | 2 |
0.096 | 49530 | 4 |
0.098 | 3653 | 1 |
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0.100 | 239693 | 7 |
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