I feel your logic is sound speculator101, given the sp decline since the merger anouncment has been a bigger drop than for most goldies it would indicate that the market does not like the deal and adds to the argument of renegotiating terms or for DRM to walk away from it if that does not occur.
My feeling is mine out Wilber in the next 4 years and then after cash reserves have increased move the Andy Well mill to deflector rather than trying to get deflector up and running in the next 2 years time.
Also saves on CAPEX of building a brand new mill.
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Last
80.0¢ |
Change
0.015(1.91%) |
Mkt cap ! $72.93M | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 80.0¢ | 71.5¢ | $38.36K | 50.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8000 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 26617 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
75.0¢ |
Change
0.015 ( 4.46 %) |
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| Open | High | Low | Volume | ||
| 74.5¢ | 75.0¢ | 74.5¢ | 1034 | ||
| Last updated 14.05pm 14/06/2024 ? | |||||
| MYG (ASX) Chart |