Exactly.
They are at a discount because their future prospects are terrible. They have declared that their $8Mill tenements are useless and have indicated that they are looking to acquire something else. This means they will need to spend the current cash, raise more at these ridiculous prices and heavily dilute current shareholders. This is why it is worth half cash backing.
The directors need to recover the money they spent buying 10% of the company at 10-15c. Hence they will take their time and pay themselves a handsome salary. No rush to do anything. The winter is nearly here and they have drilled a handful of holes since their inception nearly a year ago.
Gee with all their so called experience, I would hate to see what someone without experience would do!
Glad I got off this dog even at a loss.
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Exactly.They are at a discount because their future prospects...
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Last
$1.14 |
Change
-0.025(2.16%) |
Mkt cap ! $1.452B |
Open | High | Low | Value | Volume |
$1.17 | $1.17 | $1.13 | $14.61M | 12.79M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 647 | $1.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.14 | 109596 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 647 | 1.135 |
4 | 23766 | 1.130 |
6 | 21578 | 1.125 |
12 | 65492 | 1.120 |
1 | 13556 | 1.115 |
Price($) | Vol. | No. |
---|---|---|
1.140 | 59582 | 4 |
1.145 | 40000 | 1 |
1.150 | 40556 | 3 |
1.155 | 26445 | 2 |
1.160 | 18556 | 3 |
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