I am cautiously confident that its just a case of market oversight. Probably not helped by the fact that Angola turns investors away before they take a second look. Several people I have talked to about Angola baulk at the mere sound of it. Yet they wouldn't have a clue about the nature of the investment climate. And then the fact that Cabinda is a enclave probably does not help.
I think the SS/Pre-Feas results on Cacata will be a big wake up call.
I mean CAPEX of 50m (50/50 debt equity) for 40-50m free cashflow per annum for 10+ mine life is worth at least 250m MINIMUM.
Current Market Cap 30m fully diluted and they only need to issue 25m equity for that above free cashflow.
What are we missing?
what are we missing?
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Last
4.7¢ |
Change
-0.011(19.0%) |
Mkt cap ! $41.29M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 4.5¢ | $508.8K | 10.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 413214 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 764960 | 4 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| MNB (ASX) Chart |