SYDNEY (Indonesia Today) – Intrepid Mines Ltd soared 22% to A$0.44 Tuesday (Sept 18) with more than 15 million shares exchanged hands.
This is the highest level in more than two months after the stock rocked bottom at A$0.22 in July following dispute with Intrepid’s local partner in the Tujuh Bukit gold project, East Java.
At A$0.44 per share, Intrepid currently has market capitalization of A$231.4 million. Indonesian media baron and politician Surya Paloh has 5% interest in Intrepid.