Knock, knock, knock - anybody there !
Re-name the subject matter to reflect its write-up
Gold price has today gone back to US$893.75
With the US reporting season for quarterly results due now for the next 2 weeks or so - expecting overall poor results announcements
Gold price maybe going higher as a "financials safe haven" especially so with alot of "developed countries" are now printing paper monies and issuing Treasury bonds, without the backing of its Treasury assets (usually Gold) - this old School of Economics' theory will prevails when the "Bananas Republics of developed countries" be exposed in the future ! When that happen, GOLD will fly above US$1,500 (as predicted by many analyst)
By the way, anybody knows about the final settlement of AUD$17m from DRG Gold - my understanding is that the monies may already been paid into a Trust Account, pending release - as DRD Gold's shareholders have passed the resolution to purchase of the project
Once the AUD$17m is rec'd (should be any day now) - MLI will be strongly re-rated due its assets :: Cash AUD$17m (with no debts) + Gold Projects (5m oz @ AUD$893 = AUD$4.4B, but allow NPV at AUD$50 per oz (average Cash Cost at AUD$690 per oz, giving profit of AUD$203 per today's price) = AUD$250m !!!!) + Uranium Projects (27m lb @ AUD$5 per lb, giving a MV of AUD$135m) + Sulphur Project (value ?) --- Giving a NTA of $402m at 58.75c per share !!!
Discount that by 50% - we still get 29.38c
I am predict MLI to go back up to at least 20c from its present level of 3.7c
Any opinions from HC Posters
AngelofAngels
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.17M |
Open | High | Low | Value | Volume |
1.5¢ | 1.6¢ | 1.5¢ | $19.81K | 1.255M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2309121 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 666154 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1975788 | 0.015 |
11 | 4224114 | 0.014 |
5 | 1770000 | 0.013 |
4 | 3670000 | 0.012 |
6 | 6415021 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 666154 | 1 |
0.017 | 520000 | 1 |
0.018 | 350000 | 1 |
0.019 | 213333 | 3 |
0.020 | 953330 | 5 |
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