I am fairly happy with this latest placement.Resource stocks that require all the permits and ones that are drilling etc naturally need funds.For me it was no shock. I am happy that $5M is being used for drilling. Further resource upgrades will significantly increase the viability and ultimately profitability of OVR. We are still 3 years away from production by the sounds so we need more drilling,more resources and news flow to keep this one humming.
Remember we have a $174M undiscounted cash flow before the latest upgrade so that will now be a lot higher and with further drilling to come one can expect that figure to rise substantially.
I realise this stock has been frustrating for many but with a MC of 30 odd million the numbers do appear to be some what attractive.
$875k for the cost of placement???What does thatactually cover?Financiers do well indeed out of these deals.
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I am fairly happy with this latest placement.Resource stocks...
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $10.24M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $17.41K | 2.049M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1660164 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2303394 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1660164 | 0.008 |
9 | 2791119 | 0.007 |
8 | 3322276 | 0.006 |
4 | 900009 | 0.005 |
5 | 900249 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2303394 | 3 |
0.010 | 4390369 | 6 |
0.011 | 3336946 | 6 |
0.012 | 811985 | 4 |
0.013 | 1870000 | 5 |
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