re: News: Minemakers release positive feasibi... He makes one good point against the UCL Board, IMO: the fund raising of 30 cents being at a large discount to the 43 cent Grant Thornton low value.
The 13 times dilution he calculates for UCL based on UCL's pre-offer market cap and on the assumption that no debt finance will be available frankly does Mr Drummond no credit at all. You couldn't choose a more unattractive comparison could you? It is an unrealistic comparison that has no grounding in reality and yet he argues in the same interview that NPVs and IRRs should be grounded on more firmed up capital estimates. Pot calling the kettle black, again?
I ascribe no significance whatsoever to the higher trading volume in MAK compared with UCL.
News: Minemakers release positive feasibility res, page-2
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Mkt cap ! $32.44M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $19.95K | 1.662M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2450738 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1000000 | 1 |
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