The deal is good but not quite as good as you say: 251m shares on issue means $10m would equate to 4 cents per share, and $2m of the consideration is royalties on gold production so not coming straight away. Given the bulk of the money is coming in Nov and the inevitable uncertainty (there always is with these small companies) I think the market has got is about right: 2.5-3cents. It will move higher once the money starts arriving, particularly 1.7m by 24 July. Unlikel;y that someone would pay that and then walk away from the deal.
Just my thoughts. I dont hold but am watching.
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My advice is free and worth every cent
Ann: US$10 Million Sale of Akoase Gold Project, page-4
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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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