In simple terms , we are 3 years on from the "ëmergency stop" and we have (in ball park figures) :
A share price approximately the same at $ 0.16 and a share registry that has grown by a factor much greater than the resource estimate.
Given that the plant sitting in a shed on site is a constant in this financial equation , it appears to me on the face of it there is something missing to balance the equation.
Now , I'm no mathematical genius so I would appreciate if someone could enlighten me as to what the missing factor is to balance the sides of the equation in terms of the statement "build shareholder value" ?
If the board is so confident in their new understanding of the geology , why do we have to continue to wait for a decision to mine and to seemingly "reduce shareholder value" through further dilution , when additional drilling can be carried out while the project development process takes it's due course ?
Rick Rule often mentions that "hope" is not a good investment strategy , I "hope" that it does not apply here .
My opinion only , DYOR.
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5.7¢ |
Change
-0.001(1.72%) |
Mkt cap ! $67.15M |
Open | High | Low | Value | Volume |
5.7¢ | 5.7¢ | 5.7¢ | $6.7K | 117.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 57375 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 500000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 57375 | 0.056 |
1 | 15000 | 0.055 |
2 | 28555 | 0.054 |
4 | 110100 | 0.052 |
1 | 20000 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 473782 | 3 |
0.061 | 369436 | 2 |
0.062 | 116949 | 2 |
0.064 | 87679 | 3 |
0.065 | 91666 | 2 |
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