I'm in this for similar reasons:
- outstanding resource with very long mine life - a strategic asset and a steal at $25 M market cap in my view
- competent, well-connected management with a track history of bringing mines into production, and as mentioned, directors hold 29% of shares - always good to see them invested substantially
- the 'high grade feed opportunity" mentioned in the announcement dated 22 April 2021 might lead to shorter payback period, always a good thing if that should actually be the case, and might facilitate obtaining finance
- mining right already in place! - This is a biggie!
- the minor downside I see is the ownership - 74% after approval from South African Department of Mineral Resources
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I'm in this for similar reasons:outstanding resource with very...
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Last
4.8¢ |
Change
-0.007(12.7%) |
Mkt cap ! $27.00M |
Open | High | Low | Value | Volume |
4.9¢ | 5.1¢ | 4.8¢ | $3.782K | 75.86K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 212513 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.045 |
1 | 11907 | 0.042 |
1 | 13500 | 0.041 |
2 | 125000 | 0.040 |
1 | 15152 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 212513 | 4 |
0.063 | 180676 | 2 |
0.069 | 86103 | 1 |
0.070 | 453689 | 1 |
0.074 | 100269 | 1 |
Last trade - 14.20pm 19/07/2024 (20 minute delay) ? |
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VR8 (ASX) Chart |