Hi Prime1
"In both cases, the lease was transferred for peanuts. African Eagle sold to SYR in 2011 for $1.5m (which, in hindsight, does not look like the greatest business decision in history)."
Wow that is the understatement of the year !!! 2011 was when graphite prices were peaking big time & everybody was chasing graphite specy's see below:
+ the report we have been referring to here had specifically mentioned that it was a graphite play rather than Uranium & they sold it for 'peanuts' as you say - mind blowing !!
uranium at balama, page-13
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Last
30.5¢ |
Change
-0.030(8.96%) |
Mkt cap ! $315.6M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 29.0¢ | $2.787M | 8.979M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 245576 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 224180 | 6 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |