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.
Appreciating that its not straightforward in this market to...
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $66.20M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $53.47K | 5.385M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 7043227 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2595357 | 3 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| OAU (ASX) Chart |