I agree. If they can sell the asset that would be best. Some people (like myself) just don't like the Philippines exposure, no matter how good the asset looks.
Going it alone would require debt funding because you can't raise that sort of CapEx at 7cents per share and that would put the company in a pressured and leveraged position, just when it doesn't want to be as it tries to establish Darlot and KOTH as cash positive mines. Trying to reopen operations at Siana would stretch this company from a capital management and management perspective.
Better to have plenty of money available to get Darlot/KOTH working before you stretch your resources too far. Most of these small miners fail due to cash constraints that force cost cutting and corner cutting. Esh
I agree. If they can sell the asset that would be best. Some...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
39.5¢ |
Change
-0.020(4.82%) |
Mkt cap ! $2.686B | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.0¢ | 39.0¢ | $9.181M | 23.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1243803 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 139143 | 5 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |