Good idea, and they could probably pick it up at a bargain basement price.
Also, look what's happening with gold, I'd hate to see all the profits from their gold wasted on lithium exploration and development while the lithium price is in the toilet.
Even Albermarle today announced they are scaling back on lithium development in WA and making another round of redundancies.
The shareholders here deserve to see some real profits in shareholder pockets from the gold, and not have all the profits wasted on very poor lithium sentiment.
Some say the lithium price will recover, but when, and it's no certainty.
So it's better to take the gold profits and give them to shareholders than wait in vain, or in hope with fingers crossed, of a lithium price rebound, that could just be a daydream - because who knows what China will do.
Quite simply, while gold is high, get the profits into shareholder pockets - it's a very simple and logical proposition. Don't potentially waste the money on a hope, because that is definitely not an optimal business strategy.
What do they say .... "a bird in the hand, is worth two in the bush". Look it up.
Yep, look at what's happening in gold.
I'll stick by my premise, in a very big way.
MinRes is big into both Delta and Wildcat.
They should be using their influence and leverage to have both the companies spin out their gold projects together into a 50/50 new gold company with 2 million ounces and award shareholders of both companies with a free in-specie distribution of shares in the new gold company, while also potentially retaining 15% of shares in the new gold company by Delta as an investment.
Gw
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Good idea, and they could probably pick it up at a bargain...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $156.9M |
Open | High | Low | Value | Volume |
21.5¢ | 22.0¢ | 21.0¢ | $89.76K | 420.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 43333 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 124532 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 43333 | 0.210 |
5 | 200810 | 0.205 |
10 | 153277 | 0.200 |
3 | 64812 | 0.195 |
2 | 45268 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 124532 | 2 |
0.230 | 33000 | 2 |
0.235 | 70000 | 2 |
0.240 | 95000 | 3 |
0.245 | 124244 | 2 |
Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
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