Unless there is a rapid recovery in gold and copper prices this company is 100% gonski, but even if the commodity prices went up there is still a significant chance of it going under or current shareholders being diluted to virtually nil.
At least they have stopped a main source of bleeding by not extending Ashley's tenure as CEO. He tried but failed and put in his own dough so he was not just sucking up shareholders like so many others do. Getting in US groups as investors was an impressive achievement, but unfortunately the funds were not enough to re-open their underground mine in Peru or to fix the plant etc at the milling operations.
BullishToTheSky has not posted since last November after criticising my posts that MIZ was very high risk, based on my own negative experiences. I assume he got out, but at least he should have told holders here of his action given his extreme bullishness about the future of this company. He may have influenced some to hang in while he ran out the back door with whatever loot he could - not nice.
Good luck punters and no need to worry too much if you have plenty of cash on hand because there are going to be lots of cheap goldies to recover your money down the track - gold under USD1000 seems to be a certainty now, perhaps going a bit under USD900.
loki (there is one born every second, thinking moi)
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Last
49.5¢ |
Change
0.010(2.06%) |
Mkt cap ! $81.34M |
Open | High | Low | Value | Volume |
49.0¢ | 49.5¢ | 47.0¢ | $567.8K | 1.157M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 39277 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3874 | 0.425 |
1 | 2150 | 0.410 |
1 | 62780 | 0.405 |
1 | 4999 | 0.400 |
1 | 10000 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 44298 | 1 |
0.450 | 150126 | 6 |
0.460 | 10343 | 2 |
0.475 | 1920 | 1 |
0.480 | 18292 | 2 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
TTM (ASX) Chart |