Only 40mil shares have been applied for to date in the SPP. There is the potential to place more but I would suggest this is now very doubtful. So perhaps shave 20% off my figures, but it still makes the shares very undervalued.
I too am disappointed with eventualities, drop in gold price, poor reconciliation of grades recovered V supposed resource. Would have much preferred a 170mil share register and an ongoing gold producing company. Perhaps the Board has not measured its approach to that end carefully enough given grades they have stated at 1100 and 1080 levels. Let's hope we aren't giving the company away. It came a long way in 4 years and if the resource is there perhaps we are being asked to do just that...
ORS Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
