ARX is really up that creek without a paddle now.
ANZ will be able to make whatever terms they like and the hedge will hamper further developement.
Not many shares do well after a consolidation, but ARX desperatly needed it. It is a shame for ARX holders as the company has some of the best grades in the world for Au. Bonanza at Trengallek is the only real time when ARX will be able to get the monkey of it's back if it sticks with ANZ through to production and beyond.
Looks terribly attractive as a takeover though. A small register post consolidation, and im sure that ANZ does not want to be this commited to a junior miner.
Hopefully a cashed up producer with the kind of experience needed will see ARX's assets for what they are. Near term producer at Cibaliung with incredible grades elswhere.
All the best.
Bacchus
ARX is really up that creek without a paddle now.ANZ will be...
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Last
4.2¢ |
Change
-0.002(4.55%) |
Mkt cap ! $64.03M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.2¢ | $37.09K | 880.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 989000 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 617605 | 4 |
View Market Depth
| Last trade - 13.45pm 24/06/2024 (20 minute delay) ? |
| CYM (ASX) Chart |