There is no value in the company aside from cash. The project was marginal at best, and at the depths of the deposit apparently uneconomic in all but highest of price environments. A terrible position to be in for all concerned.
BB has alot to answer for..... his reputation is mud. And Namibia is a marginal place to mine...... common sense should have seen this coming...
Quick math shows that $6.6m in cash equals a share price of $0.008 per share (based on the current 757m shares on issue), so I think on Monday a share price of less than cash backing is likely.
Have a good weekend all, and remember, get your orders in early for Monday open.
Ann: Opuwo Project Update and Board Changes, page-71
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.13M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $6.273K | 574.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5697195 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 3360883 | 7 |
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| Last trade - 13.38pm 29/11/2024 (20 minute delay) ? |
| CLA (ASX) Chart |
