A stock in this part of journey will never be at its valuation. It will not even go close to 10c. whilst they still need to go to DFS more drilling - and further finance it won't get there. only a takeover may take it up there.
I am nearly thinking a spin off of the gold asset maybe their best solution but once again whilst they have those big tickets to fill it will always trade at a large discount
Capital Raising, page-2
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Last
3.1¢ |
Change
-0.001(3.13%) |
Mkt cap ! $110.4M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.1¢ | $316.2K | 10.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 2518676 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 374468 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| AUC (ASX) Chart |