I have a lot of faith in this stock, been a long time holder for a few years
Personally I don't think they'd consolidate this stock any time soon and I bet management (Ian) learnt the hard lesson when they did so with GLA and they lost half of their stock value. They own a lot of DDD shares, they'd be stupid to consolidate.
I think many investors forgot we have a substantial gold JORC resource of 180600oz and an existing plant that was operational but is currently being upgraded.
Current price of gold is $2270 AUD per ounce.
180600 x $2270 = $409,962,000 AUD.
Almost half a billion dollar worth of gold sitting under their mines.
Note that market cap now is only $18M, just a fraction of the real value.
I often top up when I have extra money as this is still a bargain and I'm good to hold for a few more years
With Cosmo now dealt with, I believe they will shift the focus back on gold production, especially getting the plant commissioned.
All the best to us
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Change
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Mkt cap ! $4.471M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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28 | 19979432 | 0.004 |
29 | 20290252 | 0.003 |
7 | 16700000 | 0.002 |
11 | 59555000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.006 | 11064292 | 9 |
0.007 | 7653301 | 7 |
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