Things are going a bit over the top here.
Patersons have provided (via their clients), $1 million dollars to drill.
Sure, the cost to the company was a hit to the share price but the director's have deemed it worthwhile for the potential upside if the drill results are good.
What was the alternative? A rights issue would have taken 2 months with at least the same negative impact on the share price and uncertainty as to whether any cash could be raised.
Thanks to Patersons, we'll soon have a better idea of how much gold is there.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.8¢ |
Change
-0.001(5.88%) |
Mkt cap ! $4.331M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $60.09K | 6.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 18958513 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2963336 | 7 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| RMX (ASX) Chart |