From riches to rags. Best stock to worst.
I just don't get it. They have sold 50% of 1.7M oz of gold for A$42M (Still could be less if DRD can finance to earlier option.)
That's about A$50/oz for Mintails 850,000 oz share. That's the worst forward selling deal I have ever heard of.
Not to mention that the plant is tied up for the next 12 years while Elsburg gets first dibs.
The market cap is now about $22M, that's less than the cash they may have.
Somebody correct me please, I am feeling dizzy....
From riches to rags. Best stock to worst.I just don't get it....
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.75M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $19.50K | 4.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4837400 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1772012 | 5 |
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| Last trade - 15.12pm 28/06/2024 (20 minute delay) ? |
| LRL (ASX) Chart |