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.
EQR Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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