Everyone is talking about this company as though it is a company with mining operations under way making an actual profit. As this website states, this is a "greenfield development and therefore requires all infrastructure, equipment, power, water, communications and other services to be established." The last important milestone happened over a year ago, with drill results being provided.
Other than that, hold tight. Other than seeking permits and negotiating the offtake of the mine, management is under no deadline to commence mining operations. Welcome to the world of investing into mining stocks. If you aren't patient enough (and you need to be in this industry) then sell out and invest into BHP.
whats going on ?, page-13
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Last
43.5¢ |
Change
0.020(4.82%) |
Mkt cap ! $302.1M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.5¢ | 42.0¢ | $1.391M | 3.251M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34808 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 256351 | 4 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |