I have been doing a little research on some of the smaller gold companies and came across the farm in arrangement between MXR and TYK. I am familiar with the Spargoville project and think it is certainly a prospective area. For this reason I was very surprised to see how cheap the deal was done. What a joke, in this buoyant AUD gold scene for nice dirt in the eastern goldfields to go so cheap (400k in cash and stock for 25% and a further 800k for 90%).
So I looked a little closer and both MXR and TYK have two common directors. WTF? Does anyone know if this is kosher? Did they both vote on the farm in?
Further, doesn't a deal such as this require shareholder approval? Not sure of the specifics with that but a vote would have been appropriate.
This one has me scratching my head. If anyone can shed any light please do.
- Forums
- ASX - By Stock
- Qn on Spargoville Farm Out
I have been doing a little research on some of the smaller gold...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MXR (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.5¢ |
Change
0.005(12.5%) |
Mkt cap ! $19.25M |
Open | High | Low | Value | Volume |
4.2¢ | 4.6¢ | 4.2¢ | $54.72K | 1.267M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3850 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 9595 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3850 | 0.044 |
1 | 14750 | 0.043 |
1 | 200000 | 0.042 |
1 | 950000 | 0.041 |
1 | 1000000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 9595 | 1 |
0.046 | 24813 | 1 |
0.047 | 32181 | 1 |
0.048 | 160000 | 1 |
0.049 | 100000 | 1 |
Last trade - 15.31pm 30/09/2024 (20 minute delay) ? |
Featured News
MXR (ASX) Chart |