Appreciating that its not straightforward in this market to raise cash, however placing to a cashed up mid cap mill owner at a discount is plain dumb. To not have tied down the commercial terms of the Ore Purchase Agreement (OPA) is a mistake and is likely to deliver another sting in the tail. OAU is hardly going to be negotiating from a position of strength, having handed 15% and a board seat over. The best endeavours requirement to negotiate an OPA is illusory. Another market reminder that its all about the quality of the people involved.
Ann: Westgold Strategic Alliance and Placement, page-19
-
- There are more pages in this discussion • 116 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 OAU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $39.27M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $3.09K | 611.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 27808189 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 25739405 | 22 |
View Market Depth
| Last trade - 14.46pm 15/07/2024 (20 minute delay) ? |
| OAU (ASX) Chart |