I have been doing a little research on some of the smaller gold companies and came across the farm in arrangement between MXR and TYK. I am familiar with the Spargoville project and think it is certainly a prospective area. For this reason I was very surprised to see how cheap the deal was done. What a joke, in this buoyant AUD gold scene for nice dirt in the eastern goldfields to go so cheap (400k in cash and stock for 25% and a further 800k for 90%).
So I looked a little closer and both MXR and TYK have two common directors. WTF? Does anyone know if this is kosher? Did they both vote on the farm in?
Further, doesn't a deal such as this require shareholder approval? Not sure of the specifics with that but a vote would have been appropriate.
This one has me scratching my head. If anyone can shed any light please do.
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Mkt cap ! $70.92M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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Sellers (Offers)
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No. | Vol. | Price($) |
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8 | 619301 | 0.018 |
12 | 2542934 | 0.017 |
19 | 5936284 | 0.016 |
34 | 7510164 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 637656 | 7 |
0.020 | 3110029 | 9 |
0.021 | 4404522 | 12 |
0.022 | 552500 | 3 |
0.023 | 1100000 | 2 |
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