@Glyco Its nice that you have mates that may understand and like what they see from a few photo's, but it is really irrelevant without anything supporting it....
As we have $3M in cash, has it been taken into consideration the $500k spend for the trenching and aerial surveys for this Phase 2 required spend?
With funds going to be a major concern without co-funding/JV/off take agreements (for OHD, as we need to find Lithium here first, then work out a resource) there may be a Credit Raising in the near future, I suspect that it may come around AGM time, hopefully they have dropped some decent announcements to get the share price up before any credit raises.
With the allocation to Phase 2 as per their announcements only being $100k until they have some indication of trenching results.
How soon, assuming they can't use the local MS Analytical labs (until ISO certified/accredited etc) would it take to get a sample to a lab/assayed/ and returned? I mean it is usually a 6 week turnaround. As their announcement does state that depending on trenching results as to where they will drill, so I can't understand why they can say that they COULD have a drill started 2 weeks after trenching starts.
Bear in mind, they did also say in their announcements, results from phase 2 would be end of year / 4 months.
cheers
- Forums
- ASX - By Stock
- GNM
- Ann: Morabisi Q&A - Amended
Ann: Morabisi Q&A - Amended, page-211
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GNM (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
-0.001(4.17%) |
Mkt cap ! $1.778M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $2.904K | 260.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 289525 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 4396 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 289525 | 0.011 |
5 | 1629995 | 0.010 |
2 | 433330 | 0.009 |
7 | 1989995 | 0.008 |
2 | 229999 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 4396 | 1 |
0.013 | 195800 | 1 |
0.014 | 200500 | 2 |
0.015 | 50000 | 1 |
0.016 | 166000 | 1 |
Last trade - 11.10am 28/06/2024 (20 minute delay) ? |
Featured News
GNM (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online