Endless, if you are saying that no investment company would touch a miner with a market cap of $150m and a jorc of 840k ounces (using your figures) then I think you are mistaken. Change the jorc to 140k ounces and you are spot on. Based on this analogy I think there should be concerns that as money accumulates, it will not be used effectively.
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Last
$2.05 |
Change
0.010(0.49%) |
Mkt cap ! $2.347B | |||
| Open | High | Low | Value | Volume |
| $2.08 | $2.11 | $2.04 | $6.948M | 3.355M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12337 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 4000 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |