I totally agree this has been run so poorly over the past 18 months.
However, all that aside, 4 mill M/c with 1.1 mill in the bank with a Gold and Kaolin deposit, both of which aren't just undeveloped pieces of land in the middle of Africa.
EV of 3 mill is pure shell value, let alone the assets we already have.
can it get any cheaper? of course it can, but the volume in this region would suggest otherwise.
MEI went from 8c to sub 1c due to failed acquisitions then landed the current gold project. No reason TK won't pull something off again (or even just further exporation at the gold assets).
As said before, a really high grade portion of the resource if translated into JORC compliant should do wonders to the SP.
PUA Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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