During the last bull market, Orano/Areva paid around US$2 billion for Trekoppje, a deposit slightly larger and marginally higher grade than Marenica. (Google Uramin!) That's $8 per EL8 share.... and that is US dollars and ignores all other assets.
That should provide newcomers with an idea of what happens when panic sets in amongst buyers and whether 50c per share is over the top now.
Good luck
The Pick
During the last bull market, Orano/Areva paid around US$2...
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $92.04M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.8¢ | 27.0¢ | $148.9K | 544.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 326521 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 3596 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |