MGX again mentioned regarding the Golden Grove mine in the Australian today. Book Value of the mine is 220 million or so, however expected sale price is well above this.
Given it seems very unlikely we will be seeing a capital return strategy. I wouldn't mind seeing some more aggressive corporate tactics. Given our cash balance merging or script take overs of say drm and buying golden grove could make sense. Would provide a very Midwest focused multimetal player.
Golden Grove Mine, page-14
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Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.0¢ | $186.2K | 608.5K |
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| No. | Vol. | Price($) |
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| 7 | 224207 | 30.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 283512 | 16 |
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