Chookychaz
Completely agree
The SP has never had a bearing on the pricing or structuring of any large scale farm-ins or deals - only on-market CR's which are rare with SOC
Take the Jiangsu JV for example - $21M for 30% of 10 tenements values them at $70M alone or 3 times our current cap, an SP equivalent 60c+
Likewise with PMR - the on-market SP has no weighting towards what they may sell our 80% holding for should they confirm sedex. My thoughts are if they do confirm sedex, a price of $1 minimum on PMR could be sought for our 80% holding, likely more if you look at comparable valuations on sedex deposits
The SP at the moment is primarily a result of the buying/selling of retail investors between themselves
We see the instos taking lines of 8.25M @ 18c to get set, which means they have confidence of a much higher SP and volume in the short term to provide an exit
I think you are right, something is certainly brewing
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.89M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38064 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 38064 | 0.098 |
1 | 6109 | 0.082 |
1 | 80000 | 0.081 |
1 | 14940 | 0.067 |
1 | 200000 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 20000 | 1 |
0.110 | 22205 | 1 |
0.120 | 12545 | 1 |
0.130 | 97482 | 2 |
0.150 | 700000 | 3 |
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