great to see the transperancy of company and management in the half yearly report. no fudged figures and plenty of info.
this is why i like this company. management are dealmakers. we knew that already but take a look at this as highlighted in this report.
wiluna. will have paid just over 31mil all up. of that it was pretty much half plant/inventory half for the potential of tenament.
gidgee (wilsons). paid just over 12mil all up. 90% being for the tenament.
that has so far given us a 1mil oz resource worth before costs around 1 billion dollars. no matter how you calculate the costs (companies saying 550oz) theres a LOT of profit in there.
These were great deals that kick started this company (especially wiluna, obviously central due to the plant but we got over $1 per share value with the issue)
gotta put a smile on your friday dial... go Apex!
DYOR because every day i'm gettin a little more biased ;)
happy weekend all!
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