surely developing these iron ore targets would be more beneficial to shareholders rather than selling the rights to "focus on other primary company objectives". If this is the case would they not do the same with the acquired tenement.
Also from the announcement around January in regards to the Mt Dove iron ore, from a quick glance it looks like the SP increased from 9 to 11 cents or a increase in the market cap of around $4 mill. As the rights is for around $1 mill plus 1% sales, should not this cause a decrease in the market cap now(all other things being equal).
Im new to this so this may sound idiotic.. any comments from anyone??
surely developing these iron ore targets would be more...
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$1.14 |
Change
0.045(4.13%) |
Mkt cap ! $2.684B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.14 | $1.10 | $6.410M | 5.728M |
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| No. | Vol. | Price($) |
|---|---|---|
| 62 | 211408 | $1.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 95085 | 29 |
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