$55 million doesn't seem much to buy 9% of the company that has one mine.
whilst we are all hoping that the deal will stem the bleeding, we all know deep down that our share value has been smashed and we are guilty of following the story rather than the facts.
The total raised amount of $111 million apparently covers us for 12 months. what happens if the mine and the industry have not improved then?
I guess that in 12 months from now we will either be laughing and smiling or crying because we lost our money.
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$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
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