I got out today.
My instinct was saying to get out - but I would not let myself get out without a “logical reason”
This is what I came up with below (and perhaps it’s how the market is seeing it as well)
- End of the year - Resource of 2M ounce’s X $45 per ounce is a fair value OR Market Cap of 90M
- now divided by how many shares?
- well we just raised 6m for 60Mil shares
- so to pay for Indee (and maybe some more drilling to help hit 2mil ounces) - Say 15Mil or 150mil shares
- Added the 150mil shares to the current 425 mil shares.
- Divided the 90M market Cap by the 575mil shares
= 6 to 6.5 cents per share at the end of the year all said and done - hitting our targets of 2m ounces.
Dont take as investment advice and DYOR as anything can happen.
Good luck to all.
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I got out today.My instinct was saying to get out - but I would...
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Last
$1.40 |
Change
0.055(4.10%) |
Mkt cap ! $3.115B |
Open | High | Low | Value | Volume |
$1.38 | $1.41 | $1.36 | $9.178M | 6.594M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 247 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 199327 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 98838 | 0.097 |
3 | 164295 | 0.096 |
4 | 79115 | 0.095 |
2 | 55000 | 0.093 |
1 | 100000 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 100000 | 1 |
0.105 | 420062 | 7 |
0.110 | 220284 | 3 |
0.115 | 140300 | 4 |
0.120 | 158460 | 8 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
DEG (ASX) Chart |