Hi Speculator
IMO the price of gold and silver has little to do with the current poor share price.
This is being caused by the fact CAMIF are being paid in new shares as the Company cannot pay
the interest.
Together with the shareholder loans to be converted to shares (up to $3.4m which is about 40%of the current market cap)
You can certainly get a few million more shares around 0.06c as opposed to what the share price should be.
Before this technology was proven by PGI for gold they had a market cap up to $160m.
Today the process is proven ( though the tailings are difficult) yet the market cap is approx. $8m.
Go figure.
When the dilution comes it will severely affect long term holders.
myself included
Hi Speculator IMO the price of gold and silver has little to do...
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $5.114M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $19.12K | 6.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 52096822 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 20905065 | 23 |
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| Last trade - 15.53pm 19/07/2024 (20 minute delay) ? |
| AAU (ASX) Chart |