Thanks Rewop for that newspaper article .
Observations;
- over the period 2008-2011 when drilling for Uranium,
the MC of Thundelarra (now ASX:OAU) increased by about $50M to $60M.
- when the project fell into our lap last year our MC only increased by $11M (.03c to .05c)
- In 2009 Uranium was fetching $US 42 a pou
nd, (exchange rate at the time was 90c.) or $AUD 46 a pound.
- today Uranium is fetching $US 90 a pound , $AUD140 - a whopping 300 % increase.
- if the market reacted the same way as it did back, we would be trading at 3c not .05c
- February 2011 Thundelarra announced a maiden MRE. The market was disappointed because it only was very small due to not enough drilling.
- Thundelarra feverishly plan the next drilling campaign.
- March 2011 the Fukushima disaster sent the Uranium price down to $US20 a pound. (It costs $30 a pound to mine)
- project mothballed, somehow turns up on our lap.
- below is the Thundelarra chart at the time.
IPOs - if the merger between KIN & PNX was an IPO it would list with MC of about $270 M
I base that on other recent IPOs of BGD and FAL where the market cap was 3 times the amount of cash held.(90 x 3 = 270)
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Mkt cap ! $29.85M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $5.1K | 1.02M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4378542 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 22677865 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4378542 | 0.005 |
27 | 28738647 | 0.004 |
20 | 28478887 | 0.003 |
15 | 55798069 | 0.002 |
17 | 155389879 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 22677865 | 20 |
0.007 | 27234209 | 18 |
0.008 | 13912000 | 7 |
0.009 | 4793197 | 9 |
0.010 | 6638581 | 6 |
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