Fully agree and I note on the ASX that share sold short is on the increase.
With regard to the price for Atlantic I did a quick calc based on the 15th May Announcement.
1.9mil oz reserves
AUD 768m purchase
That equates to ~AUD404 /oz
Plus AISC of ~AUD 771 / oz
That gives them a cost of AUD 1175 / oz
Given the current price of gold at ~AUD 2150 it looks a good deal to me. Very simplistic calc I admit with so many variables to be worked through. If they could make nearly AUD 1000 / oz on whatever the production level is going to be then everyone but the shorts should be happy.
Maths wasn't my strongest suit so someone can no doubt tell me where I have gone wrong
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Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $171.7M |
Open | High | Low | Value | Volume |
21.5¢ | 21.8¢ | 21.0¢ | $513.4K | 2.402M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 807808 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 78837 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 707808 | 0.210 |
21 | 1347024 | 0.205 |
32 | 1175666 | 0.200 |
14 | 743552 | 0.195 |
21 | 692742 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 50283 | 2 |
0.220 | 540770 | 13 |
0.225 | 417377 | 7 |
0.230 | 457186 | 9 |
0.235 | 561113 | 8 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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