AU1 the agency group australia ltd

Did you see the price action of BNX today – up 14.5c to 28c on...

  1. 3,899 Posts.
    lightbulb Created with Sketch. 1273
    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…
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
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
Last trade - 16.21pm 08/08/2025 (20 minute delay) ?
AU1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.