Ok, imagine a virtual IPO for a company called Carnaby Resources (CNB).
IPO offering was 40c giving it a market cap of around $38 mill.
Why participate in the IPO?
Well, they've got ~$7,000,000 cash or equivalent with money in the bank and coin from a tailings sale coming.
They have ~$20,000,000 worth of gold sitting in the ground at Tick Hill.
Ok great, but any near term activity?
Well, they've also identified a very specific target at the quality grade gold mine at Tick Hill in safe Mt Isa, which they will drill in a couple of months.
They've got a bunch of land in the safe Pilbara where the next door neighbours (De Grey) have found not one, not two, but three monstrous loads of gold.
They start a diamond drill program just over the fence from them, in 2 months.
Oh yeah, and they start production for that ~$20,000,000 worth of gold in a couple of months too. Either that or they'll probably sell it.
Awesome. So what is the listing price?
Well, as they say: "Life begins at 40"
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Ok, imagine a virtual IPO for a company called Carnaby Resources...
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42.0¢ |
Change
0.050(13.5%) |
Mkt cap ! $72.21M |
Open | High | Low | Value | Volume |
39.0¢ | 42.0¢ | 37.0¢ | $126.5K | 310.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8071 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 4272 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8071 | 0.400 |
1 | 5000 | 0.390 |
3 | 22500 | 0.375 |
1 | 1000 | 0.370 |
2 | 11069 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 4272 | 1 |
0.435 | 6850 | 1 |
0.440 | 36000 | 3 |
0.445 | 24942 | 2 |
0.450 | 27396 | 2 |
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