jcjp.
It need not be but, it will be tricky in my opinion.
If S32 find something good that suits their needs then they will probably buy us out. The trouble now is that our shares are now so much cheaper than they were so, our chance of a good price is now minimal.
The market will almost certainly value our shares at .002c or less.
We have other ground in Peru but to prospect that then we need to spread our extremely limited funds over the Australian prospects as well as Peru.
If S32 do not find what they want, there will be almost no chance of now raising funds as the sp has been so stuffed by these current actions that no one will touch us with a barge pole.
If S32 find a good prospect in Peru, that is not big enough for their needs, then we can hopefully interest another smaller miner in taking that up. We could mine it ourselves but I doubt this mob could prudently manage the risk when attempting to do that.
We were already on thin ice with the company and now the ice is wafer thin. Everything will need to fall into place exactly for us to survive, let alone make good money.
We have placed our head on the block with the axe raised above it.
The odds of Inca surviving beyond 18 months? I would put that at 10%.
Lockitt
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 3305997 | 0.5¢ |
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Price($) | Vol. | No. |
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0.6¢ | 1055690 | 4 |
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6 | 6329194 | 0.004 |
12 | 17376780 | 0.003 |
3 | 3199980 | 0.002 |
3 | 4799950 | 0.001 |
Price($) | Vol. | No. |
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0.007 | 924600 | 3 |
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