ATV 4.17% 5.0¢ activeport group ltd

<1m oz,dfs done,quality management,go figure

  1. 12,503 Posts.
    so market doesnt like this goldie?

    480m fully diluted (disregarding out of money options)

    MC 24m at 5c

    Cash Sep Qtr=1.6m+2.3m (placement at 6c)+850k (placement at 5.5)=4.8m rough

    30m partly paids (still 11c to pay) brings $3.3m

    EV=24-4.8-3.3=16m

    900k oz resource, 450k oz proven reserve, open pit

    DFS done

    environmental approval granted

    DFS uses 505/oz cash cost

    CAPEX 136m according to DFS

    but latest update on company website revealed 2nd hand plant option, which could save tens of millions on 136m required

    http://www.atlanticgold.com.au/

    the company is one step away from mining, ie funding.

    current EV is a joke

    placement price consistently above prevailing market price


    And management

    these guys developed Plutonic Resources which was taken over by Barrick

    Mr. Ronald J. Hawkes serves as Non-Executive Chairman of the Board of Atlantic Gold NL. He is a Board member since 18 January 1999. Mr. Hawkes has 44 years? experience in the mining industry and was formerly the Managing Director of Plutonic Resources Limited. He is a member of the Audit Committee and the Remuneration Committee. His Qualification is BSc, FAusIMM, FGAC.

    Mr. Walter R. Bucknell serves as Executive Director of Atlantic Gold NL. He is a Board member since 18 January 1999 Mr Bucknell has 40 years? experience in the mining industry and was formerly the General Manager ? Exploration of Plutonic Resources Limited. He is a member of the Audit Committee and the Remuneration Committee. His Qualification is BSc (Hons), FAusIMM, FGAC, MSEG.


    market needs to wake up

    the EV/oz is an absolute joke

 
watchlist Created with Sketch. Add ATV (ASX) to my watchlist
(20min delay)
Last
5.0¢
Change
0.002(4.17%)
Mkt cap ! $15.89M
Open High Low Value Volume
5.0¢ 5.0¢ 5.0¢ $14.97K 299.4K

Buyers (Bids)

No. Vol. Price($)
2 121739 4.6¢
 

Sellers (Offers)

Price($) Vol. No.
6.3¢ 100000 1
View Market Depth
Last trade - 11.44am 05/07/2024 (20 minute delay) ?
ATV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.