I think the obvious solution to the current situation is a merger with Aurelia. Aurelia has 2 mills nearly, has around $70 million in cash and no debt and needs more ore to increase their resource base. In a rational world a deal could be done. It is unsustainable for Peel to keep raising money every 6 to 9 months at ever reducing prices just to keep the drilling going.
In reality they need around $200m to really get going and it is not going to happen.
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I think the obvious solution to the current situation is a...
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12.5¢ |
Change
-0.010(7.41%) |
Mkt cap ! $72.63M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 12.5¢ | $98.61K | 782.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 21762 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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13.5¢ | 15999 | 1 |
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No. | Vol. | Price($) |
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1 | 8007 | 0.125 |
2 | 51000 | 0.120 |
1 | 4400 | 0.115 |
1 | 50000 | 0.110 |
2 | 354384 | 0.105 |
Price($) | Vol. | No. |
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0.140 | 130000 | 2 |
0.145 | 22572 | 2 |
0.150 | 150899 | 6 |
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0.160 | 123466 | 5 |
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