We are somewhat cushioned at our current Market Cap
If oppies don't get over the line the share capital is back to 600 odd million shares and at say 1c we are looking at $6M market cap.
Given BHP results and our tenements right next door having similar characteristics I am pretty confident a deal will be done with someone to put a hole in the ground at some point.
if we were valued at $30-$50 odd million market cap then I would be worried a little
Need to be holding when the announcement comes
If I were AVI i would be asking for some cash upfront + drill costs if it were BHP
Who knows maybe they could sell there equity interest for our current MC
Plenty of options available to him to negotiate
Buyers building up., page-727
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $17.18M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $5.2K | 1.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 4544341 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 15969359 | 21 |
View Market Depth
| Last trade - 14.34pm 09/07/2024 (20 minute delay) ? |
| ALR (ASX) Chart |