Hi Speccy
It has always amazed me that OCP don't appear to be that interested in their investment in AML. I have gone back through the company announcements since the acquisition of Walford Creek in April/May 2014 (when they said that they expected to have a Pre-feasibility study completed by Dec 2015. LOL!!!). By my calcs, admittedly I'm no expert, I reckon that OCP has got most of their holding at 16c or less. Sure they were buying on market at prices in the low 30c levels, but the vast bulk of the 280 million shares they hold are the result of the initial conversion of some of the debt and warrant and option exercise. So I guess they can afford to sit quietly for now, but what's their end game? How are they going to cash out when no one knows about this resource?
And on a completely different matter, again I might be wrong, but our chairman is on an extremely good wicket with his consultancy agreement with OCP - ~4 x his directors fee? As a consultant?
Hi SpeccyIt has always amazed me that OCP don't appear to be...
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $6.578M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $3.491K | 557.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 5602072 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 23805 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AML (ASX) Chart |