As I write-the gold price is :
AUD$1,767 per oz.
IRC at current SP of 12.5 cents the Mkt Cap. is a lowly A$32m.
Some of the bigger gold coys must surely have their eye on IRC "alone"
and IMO be thinking of putting in a "cheeky" bid of ~A$65m ie 25c per share.
Yes we all think this is "low ball" but who knows-could be the beginning of negotiations !
Voytek of MRP forum has experienced JP selling out Phoenix Gold to EVN for a low 15 c
for 4 m ozs (admittedly gold price was in doldrums then-2015/2016).
Some IRC s/holders might just be prepared to sell out @ 25 cents.
Personally I wouldn't be surprised to see some "breaking news" for IRC in the coming weeks.
As I write-the gold price is : AUD$1,767 per oz. IRC at current...
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Last
4.2¢ |
Change
-0.002(4.55%) |
Mkt cap ! $53.52M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.2¢ | $372.3K | 8.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1988675 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 1518833 | 3 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| HRZ (ASX) Chart |