Current projects have not attracted any interest for many years. New management now have there feet under the desk and need to start thinking about a new strategy. Can’t continue to fund these projects with a $4m market cap. Sell up and find something new IMO. They should be able to update the scoping study for the new resource which is a good time to look for a buyer and cash out. If they can cash out of all projects for around 10m in cash then they have a good chance of rewarding shareholders in the long term
Current projects have not attracted any interest for many years....
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0.5¢ |
Change
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Mkt cap ! $7.175M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 19454575 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 9763372 | 5 |
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