Why I say stale?
By the sounds of things there have been many chances for everyone to get out... but they haven't.
They have been a shell with little to no cash burn for the past year or so.
A shell's main purpose is to find an acquistion.. hopefully a good one.
Said shell finds one.. yet everyone still remains stale... I totally understand past promises not going ahead - at least now there is nothing to do apart from research and hope it goes through.
FYI - as I said before, look at MDI. The Sandstone Mill was only a tiny part of BOK/SXG's portfolio - now standalone demanding a 30 mill m/c. There is no reason why this can't be the same.
Yes 25 million will be needed for Marda - but if all the other assets are able to produce 22,ooo ounces p.a at a reasonable margin, then a mix of debt/equity isn't out of the question. Small steps are needed.
Much more easily said than done - but as I said - firstly just wait for 30 days for DD and then you can re-assess.
Why I say stale? By the sounds of things there have been many...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IND (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.46M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 461 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 5876 | 1 |
View Market Depth
| Last trade - 16.12pm 06/11/2024 (20 minute delay) ? |
| IND (ASX) Chart |
Day chart unavailable
