This is my first post.
I enjoy others' posts and can relate to the nervous wavering and frustration occasionally trumping optimism.
My take is that holders will soon benefit immensely.
Some specific points supporting that include:
...big holders like EMR (31%) and Aust Super(5%) are patient, savvy, high return seekers
...new directors and key employees have taken options (or small actual market purchases in the case of one of them) at between $1.3 and $2)
...the Spanish Enviro permitting process is so thorough that there should be no appeals
...that process is near to industry timing norm ie we were probably over eager expecting a shorter term process
...actual miners are now on board and have seamlessly replaced the non miners (the non miners having done their start up job brilliantly)
...the value of the upto 40 year (how good is that!) mine's life is not underestimated by the likes of EMR and hence any expected take-over offers will have to be high (my view, without detailed analysis but with optimism, is above $5)
Yes, there will likely be capital raising and hence current holders' diminution, but hey, reread above.
So that's my first foray....hope its appreciated and my optimism is not misplaced. Cheers.
Al Dinga.
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Last
27.5¢ |
Change
-0.005(1.79%) |
Mkt cap ! $113.7M |
Open | High | Low | Value | Volume |
27.0¢ | 27.5¢ | 27.0¢ | $34.24K | 126.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 83581 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 13149 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3448 | 0.290 |
1 | 4000 | 0.285 |
1 | 10000 | 0.280 |
1 | 3703 | 0.270 |
2 | 8846 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 13000 | 1 |
0.325 | 5000 | 1 |
0.335 | 14800 | 1 |
0.340 | 5628 | 1 |
0.350 | 2100 | 1 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
HFR (ASX) Chart |