They have $1M+ cash, next to no overheads or liabilities and are capped at just a few $M
You need a reality check bud, sinking ship lol ...
They have not been able to deal on those Botswana assets since 2016 due to the liquidation proceedings. BCL have reportedly already spent $4M for their 40% earn and will likely forfeit that to SI6 as per the terms of the JV
So not only should SI6 pick up 100% of the JV tenements, they should now be free to explore and get in field
On top of this, it’s likely SI6 will go after theirs other tenements at firesale price
Oh and SI6 also have their own exploration assets in Botswana
Low market cap, no debt, low burn, $1M+ cash in bank and the chance to scoop up $10M worth of tenements for nothing - sinking ship yeh ? It could quite easily 5 bag on getting those assets
Sinking ship, page-17
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SI6 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $5.922M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $11.05K | 4.283M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 73923044 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 17107257 | 25 |
View Market Depth
| Last trade - 11.04am 21/06/2024 (20 minute delay) ? |
| SI6 (ASX) Chart |