Assuming this went ahead, does this work as a payout at $5c and then our shares are done and dusted? Or do we then transfer into CAML at a $5c share price?
IMO the whole point of this project at this point is to get a finance deal done to build the mine, which should then translate to ~$1b market cap (~10x current share price as per Foran comparison) once producing. Selling out at $5c doesn't seem like a great deal as I felt that the sentiment from management was that the project looked positive considering global Copper demand, US domestic mineral demand, and a fair dinkum large deposit.
Ann: NEW WORLD ENTERS INTO A$185M SCHEME WITH CENTRAL ASIA METALS, page-20
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Mkt cap ! $185.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400000 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 50616 | 2 |
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