The Annual Report just published states that their intention is to fund the project in other capital markets, which probably means north Ameriaca, or to sell Paron either fully or partly. Decison to be made by Christmas. Also they intend to drill for that down-faulted extension this quarter.
They put NPV of $US22.7 million on Paron at the moment based on gold at $US625. If they sell Paron then I expect the very minimum they will get will be $US20 million ($A22 million). They could hang on to say $7 million of that and pay the rest out as a fully franked dividend of say 8.5 cents. Ex-div the shares would still be worth about 6 cents.
If they find the down faulted extension (it has to be there, its just a matter of how big and how deep) and it adds to its economic potential then the sale price would be greatly enhanced beyond its current value.
- Forums
- ASX - By Stock
- management buying
The Annual Report just published states that their intention is...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
First paediatric clinical site activated – major recruitment milestone and key appointment announced
NEWS
Exceptional lithium assays uncovered at Falcon Lake – expanding mineralisation, big potential ahead
Add LAT (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.26M |
Open | High | Low | Value | Volume |
10.0¢ | 11.0¢ | 10.0¢ | $3.503K | 34.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 68203 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 9865 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 68203 | 0.100 |
1 | 20 | 0.097 |
1 | 10000 | 0.095 |
1 | 100000 | 0.092 |
1 | 1000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 9865 | 1 |
0.115 | 63956 | 2 |
0.120 | 116406 | 3 |
0.125 | 95000 | 1 |
0.130 | 38431 | 1 |
Last trade - 15.59pm 12/09/2024 (20 minute delay) ? |
Featured News
LAT (ASX) Chart |