Looking at the market, I would suggest that MN should find a buyer for Bramaderos and sell it for say $100m.
Forget the fact that it might be worth multiples of that.
It would give us $100m to drill the shit out of El Palmar and demonstrate that there really is a Tier 1 asset there.
That would create shareholder value and a share price uplift.
Th current strategy just ain't working and you can't just blame the market.
Pissing around raising small dollars and creating an ever weaker share price and ever greater dilution is NOT the way forward.
MN has stated that he thinks the company is worth $250m at current status.
Well, let him monetise at least a part of that and stop the fricking dilution.
Thoughts????
DDD
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Last
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Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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14 | 4211306 | 1.1¢ |
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Price($) | Vol. | No. |
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1.2¢ | 3300286 | 3 |
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25 | 9381084 | 0.010 |
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Price($) | Vol. | No. |
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0.013 | 2619234 | 5 |
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Last trade - 10.17am 31/05/2024 (20 minute delay) ? |
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