No Reiner, not the best return - although if they had of had better hits we could have been already looking at a resource of around 300,000 oz plus.
To be fair, the 3 amigos have not relayed what happened with Kyrgystan.
Basically it was bought at the top of the market (mid 2008) and as with many assets around the world was worth nothing by 2009 and had to be divested.
Dont forget, RIO bought Alcan about the same time at the top of the market and thats cost them heaps, so even Blue Chips got stung by the GFC.
Cash is the key issue as always. The 3 amigos plan does have merit - but no funding.. The BCN boards plan has cash, less risk but probably less upside for shareholders.
Who knows??
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2.3¢ |
Change
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Mkt cap ! $84.52M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.2¢ | $5.054K | 226.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4127439 | 2.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 23051958 | 10 |
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