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
2.3¢ |
Change
0.003(15.0%) |
Mkt cap ! $102.1M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.3¢ | 2.1¢ | $247.0K | 11.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 7427929 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 626657 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| LRL (ASX) Chart |