As much as I hope the numbers thrown around are right I think they are way too high. Plant is carried at $1.9M on the Balance sheet.... And the gold ounces are (very) marginally profitable. And by the looks of it MDI leverage in any negotiations is zero given how desperate they seemed to do basically any deal
I would be very happy with anything between $2M - $4M in cash because
- No more care & maintenance costs / depreciation
- No more money thrown at Sandstone to "get it over the line". It is and will be marginal
- No need to do a cap raise for a while
- Serious budget for Barkly where the true potential lies IMO
- No need for costly spin out - MDI can end this transitional phase and fully focus on Barkly
Just IMO
As much as I hope the numbers thrown around are right I think...
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Mkt cap ! $3.276M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 492164 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 332035 | 1 |
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