The CEO spent 40mill+ in shares ,exploration spend, admin fees, time value of money on the project for a bad return. Compared to most asx listed producers since Zara was sold the stock/CEO has performed dismally/failure.
Most people would say that , however I still believe they might be able to acquire a robust project and he could prove himself. Hopefully in the short term rather than the long. 13mill in shares and 37mill with no project, it can be safe to say there is no reason to sell.
Sale to First Mining Finance, page-10
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$1.39 |
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Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.37 | $537.3K | 387.2K |
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| No. | Vol. | Price($) |
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| 12 | 24941 | $1.39 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 5973 | 6 |
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