Some facts.
October 2015 - resignation of Chairman Frank Terranova (over 25 years experience in gold mining sector)
Non-Executive Director - Simon O'Loughlin (also part of KSO / Xref acquisition)
Shares on issue ~119 million
Market cap: $4.8 million
Cash ~$4 million
EV ~$0.8 million
An excerpt below from announcement in late Nov 2015:
In my opinion, not a matter of 'if', but 'when'
The beauty is that this company is cashed up, meaning a transaction can potentially maximise usage of cash and minimise dilution of equity.
Next shell for acquisition
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