Did you see the price action of BNX today – up 14.5c to 28c on volume of 861K capping the stock at $5.5m with an EV of $3m.
What caused this jump? A JV to earn up to 76% of a copper project in Namibia. Is there a JORC compliant resource? No. Has it been drilled? No. A few high grade grab samples & some Untested targets and soil anomalies identified by Rio Tinto and Anglo Base Metals.
Compare this to NCO, also in Namibia with a JORC compliant resource worth about $1.5 billion in the ground. NCO is capped at about $5.1m with an EV of about $4.3m.
Perhaps if NCO had a capital structure like Ikin's other baby, EQH, it wouldn't be sitting at these levels, notwithstanding that NCO doesn't have a lot of shares outstanding & is also pretty tightly held.
Sometimes it seems as though the world really has gone crazy…
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AU1
the agency group australia ltd
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Did you see the price action of BNX today – up 14.5c to 28c on...
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.351M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 130418 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 1500000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 130418 | 0.019 |
1 | 100000 | 0.017 |
1 | 560000 | 0.015 |
1 | 70000 | 0.014 |
1 | 80000 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 1500000 | 1 |
0.028 | 261205 | 1 |
0.031 | 248494 | 1 |
0.032 | 100000 | 1 |
0.033 | 73815 | 1 |
Last trade - 16.21pm 08/08/2025 (20 minute delay) ? |
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AU1 (ASX) Chart |
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