I believe that recent corporate activity is very strategic and smart, particularly in a rising POG environment.
SLR dropped $100m+ on its Murchison project. I hate to imagine what the replacement cost of the plant would be? This is small change to spend on those assets and I expect the ROI on the $10m spent will be massive as the assets are exploited.
Buying the Mining Contractor to decrease costs is also a good move.
When gold starts to really take off it is scary how much upside companies like this one will enjoy.
Ann: SLR: Sale of Murchison Assets, page-2
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Last
$2.86 |
Change
0.050(1.78%) |
Mkt cap ! $2.527B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.87 | $2.78 | $13.35M | 4.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72565 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 17255 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| WGX (ASX) Chart |
