your guess is highly unlikely. having cash more than the priced market cap shows the company is undervalued and will get picked up. the most likely case will have the mc rise to match the worth.
selling the mine for cash locks in future profit and reduced risks. this should be reflected in the stock price.
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Last
$2.85 |
Change
0.000(0.00%) |
Mkt cap ! $8.579B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.95 | $2.84 | $47.90M | 16.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 187031 | $2.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 401638 | 11 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |