My arguments on value were made during the Explaurum takeover in Sept 2018 when the gold price was hovering around A$1,650/oz. Any low grade waste this company has mined between now and then would be practically worthless but not for the gold price rising about A$1,000/oz over this time. As I said at the time, a rising gold price doesn't make anyone a genius. Holding $200 million in net cash is nothing to crow about after scratching around for gold in the WA outback since 2003 and having mined gold since 2006.
15 years of toil in the hot desert sun for a literally 2 cents per share worth of dividends distributed over the same time. The company is an overvalued joke just like the rest of the bankster sponsored bubble stocks. Thankfully the only gold stock I own has returned real wealth to its shareholders with $4.30 per share returned in dividends since starting mining in the year 2000. That's not bad for shares that were worth 3cents in the 1990s. Get over yourself champ.Esh
My arguments on value were made during the Explaurum takeover in...
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Last
$2.01 |
Change
-0.010(0.50%) |
Mkt cap ! $2.296B | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.06 | $2.00 | $7.061M | 3.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 127312 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 18484 | 3 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$2.01 |
Change
-0.010 ( 0.84 %) |
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| Open | High | Low | Volume | ||
| $2.04 | $2.06 | $2.00 | 790790 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| RMS (ASX) Chart |