Unfortunately I agree, unless we have some investors waiting for the finalisation. There maybe some other financial numbers that give a clearer picture of the value of Spain. To date, it's been taken as a negative as we were trading above 7c before the announcement.
So, we get $25m cash that the market at 6c is valuing at $16m. And we get a producing mine that is currently knocking out 100t to 150t (more than G6) which is being valued at $0 or negative. And our current mine is only partially valued on the open pit which is 13-15% of the known resource.
I'm not a believer in efficient market theory.
It might not be tomorrow, but the value will be recognised eventually. Institutions will probably get excited about it when its above 10c.
Unfortunately I agree, unless we have some investors waiting for...
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