They could always buy back the Paulson's mine and Casposo for $500m - but might have to borrow several hundred million for that.
Actually there are potential deals to be made with cash poor companies, such as GRY. One has a substantial resource while the other has the cash to develop it.
Kiss and make love to produce 200k ounces per annum and be a debt free company.
Something to think about.
I hope Jackson has left the Board. He helped take RED down a very dark path and perhaps he also helped IAU into its current sad state of affairs.
If IAU had kept Paulsons and done exploration there it would have funded the expansion and any shortfall that Casposa has made while dealing with its teething problems.
loki (just a bystander, but I do have a few GRY shares which I want to sell at double their current share price).
They could always buy back the Paulson's mine and Casposo for...
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $174.7M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.0¢ | $170.7K | 556.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 108875 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 10000 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| A1M (ASX) Chart |