While we are waiting for higher grade ore and Plant 1 operational, I've turned my mind to risks. Here's what I've come up with:
1) Substantially reduced gold price (low risk?)
2) Equipment breakdown requiring months of replacement/repair (medium risk?)
3) Takeover at low prices; Metal Tiger Mk II (medium risk?)
4) Dilution through capital raising or otherwise (medium risk?)
5) Government arbitrary mine closure (low risk?)
There may be more risks that I haven't realised.
Once we have higher grade ore and Plant 1 operational, I can't see the share price being below $2 and probably over $3. And once debt is fully paid and dividends start, the share price has got to be above $4.
Waiting for news ...
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Last
$1.51 |
Change
-0.005(0.33%) |
Mkt cap ! $389.2M |
Open | High | Low | Value | Volume |
$1.54 | $1.58 | $1.50 | $784.1K | 510.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 381 | $1.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.51 | 45578 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 381 | 1.500 |
2 | 5913 | 1.495 |
3 | 8191 | 1.490 |
5 | 18830 | 1.480 |
1 | 680 | 1.470 |
Price($) | Vol. | No. |
---|---|---|
1.510 | 45578 | 2 |
1.515 | 236 | 1 |
1.540 | 13803 | 3 |
1.545 | 2548 | 1 |
1.550 | 24548 | 2 |
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