So, they bought at about 1.5m a gold deposit, sold it for usd 20million after determining (exploring) its resources, now using that capital to aquaire another project, which has remarkably increased shareholder value and with very good prospects ahead , if you can't see value added to the share price from an exolorers activity, then no doubt prior the rare earth play you wouldn't have seen a company with a forthcoming 20 million sale with an undervalued market cap .
i added 400% to my holding when the sale of the gold went through, at 1.7 cents, it was a no brainer that the market cap at the time was undervalued before this rare earth came into play
now this company through good fortune , luck , good networking or a little bit everything is in a very enviable position of cash flow and a promising expolra tion opertunity to play out.
by all means come back and gloat if it turns pear shape, there is risk in all exploration companies. Maybe just dial back the downramp so its less obvious ?
So, they bought at about 1.5m a gold deposit, sold it for usd...
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Last
11.0¢ |
Change
-0.010(8.33%) |
Mkt cap ! $218.9M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $771.2K | 7.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 1899185 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 3319919 | 24 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MEI (ASX) Chart |