I like the terms of this sale contract. If ARL doesn't pay the last $3m VKA gets the Akoase Gold tenements back. Also important to note that ARL have paid a $2m non-refundable deposit. Essentially the company will still be in a better position regardless if the sale agreement was cancelled. Reading Beijing Xiaocheng Technology's annual report, I am under the impression that they seem excited by the potential that these tenements hold and are keen to begin exploration. VKA is a great buy at these levels.
Disclaimer: Please DYOR this does not constitute financial advice
Ann: Sale of Akoase Gold Project Update, page-18
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $9.563M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $34.18K | 3.100M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1395444 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 447286 | 2 |
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| Last trade - 11.09am 22/11/2024 (20 minute delay) ? |
| VKA (ASX) Chart |
