I cannot beleive this company has a current market cap of of...

  1. 191 Posts.
    I cannot beleive this company has a current market cap of of $215mill (if what is shown on HC is to be correct). It has $95mill in cash and listed investments meaning the Tasmanian tin asset, Wingellina, Tennant Creek and Central Murchison are worth $120mill. Laughable - the penny has to drop some point soon!!! IMO the real effort on the part of this group should be to focus (on gold). They should sell the remaining 50% of the tin asset (worth 1% of world production and therefore has to be worth something meaningful in a $ sense) and Wingellina (which is in the middle of nowhere but has the interest of Samsung). If they could realise $150-200mill for these assets and set their focus purely on gold, this company has the potential to attract significant market interest. It is about a focus and strategy IMO, not how many cars they have in the garage at anyone point in time. What is the strategy - has to be gold surely. Get $250-300 mill in the bank (existing cash/investments + whatever for tin and nickel) and start developing the 2 gold assets. Get an increasing resource above 5 mill and the market has to take an interest. I have said it before, Cook has made his money out of gold. This is where the focus should be. Do one thing and do it well!!! We need interest and interest fast - the company is doing nothing at the moment as far as the market knows. Fosters comments will have no material impact unless they get their client base into the stock; time will tell as always. Surely a compelling buy at the current price!?
 
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(20min delay)
Last
62.5¢
Change
-0.030(4.58%)
Mkt cap ! $553.9M
Open High Low Value Volume
66.0¢ 66.0¢ 61.0¢ $2.280M 3.628M

Buyers (Bids)

No. Vol. Price($)
4 86376 62.0¢
 

Sellers (Offers)

Price($) Vol. No.
62.5¢ 180867 5
View Market Depth
Last trade - 16.21pm 25/07/2025 (20 minute delay) ?
MLX (ASX) Chart
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