So the Chinese want to pay US $141m for some tailings mines in South Africa and prospects in Australia.
Given the gold price weakness and other Chinese failures to complete takeovers, isn't there some chance the Chinese will change their minds at the last minute.
It certainly looks attractive at 20c if it completes.
However, what is the Plan B if it doesn't. A capital raise to progress the mines in a very tough market for golds?
Appreciate others views of the completion risk.
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Last
23.0¢ |
Change
0.010(4.55%) |
Mkt cap ! $215.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 26.5¢ | 23.0¢ | $244.2K | 982.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 231656 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 111362 | 4 |
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| Last trade - 15.59pm 16/09/2025 (20 minute delay) ? |
| TGM (ASX) Chart |