Could you please list all material and catastrophically positive events that have taken place since this announcement of shares in lieu structure and today except the start of drilling that should 3.5x the share price ? Just to be clear, the company went from approx 12-13 mil in Mcap approx to 42 mil Mcap in short six months..
what events have added 30mil in EV ? In the interest of a healthy debate, I don’t believe the current valuations are justified..
A capital raising was done which should materially dilute the shareholding and reduce the price ?? The only positive I could see is the grant that was awarded but to me it appears that the change in value awarded to directors as shares is equal to the value of the grant if memory serves me right . A net neutral situation. None of you are wrong but the claim that there is some deep strategic foresight narrative needs to be debunked. Furthermore, given the previous attempt at lithium and the other divested tenements I don’t think this new information I have analysed presents any confidence that this company will stick to Gold in the next 3 years.. only time will tell..
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Ann: Notice of Annual General Meeting/Proxy Form/Access letter, page-21
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Mkt cap ! $41.07M |
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1 | 24557 | 0.066 |
1 | 100000 | 0.065 |
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1 | 10000 | 0.060 |
Price($) | Vol. | No. |
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0.070 | 8000 | 1 |
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