rsomething doesnt smell right to me ... continued OK they escape by the skin of their teeth by getting Montague shareholders to cough up $75000 at 1.5c , and in October, Europa for $50 000 at 2.5cwhile they booodle round witha couple of useless projects.
Then miraculously in November this near-defunct company gets Abelle to sell it a functioning gold mine for $6.5 million, making it one of the top 10 local producers. This mine is generating a surplus of $3.5 million per quarter for Abelle (hm smelly already).
It is not even clear where LEG got the $200k deposit from, let alone the rest of the $3.5 million cash required. They get Abelle to take equity at 6cps ( !?!). Unsurprisingly after this astonishing coup, the punters (including the staff at Gidgee) oversubscribe the necessary issue in Dec, and Westpac takes over the bond, hedging, and provides a capital facility of $500k.
Wow! Not bad for a company that couldnt raise $80k six months earlier.
But then the highjinks really start
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rsomething doesnt smell right to me ... continued OK they escape...
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Mkt cap ! $34.91M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
3 | 585790 | 1.2¢ |
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Price($) | Vol. | No. |
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1.4¢ | 1216489 | 3 |
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3 | 585790 | 0.012 |
6 | 2622271 | 0.011 |
8 | 2334503 | 0.010 |
7 | 3726111 | 0.009 |
3 | 1493800 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 1216489 | 3 |
0.015 | 2000000 | 1 |
0.016 | 1118000 | 5 |
0.017 | 1300000 | 2 |
0.018 | 110000 | 1 |
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