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1.5¢ golden mile resources ltd

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Nowhere Man

4,085 Posts.

977

28/03/23

22:19

Post #: 67008674
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Originally posted by StarPlus: ↑

In my view, I'll not buy G88 at this stage. AUD 1.6 million isn't enough in the kitty that would make G88 more cautious in spending. Secondly, global financial situation is trending towards hard lending and therefore, it would be difficult to raise funds in the market.

Thirdly, over 36 million share shortfall will have to be taken up by Mahe Capital Pty Ltd, lead manager in current capital raising would be the first to recoup spent money by selling shares in any upcoming news because it's their business and it wouldn't like to loose money in any shape and form.

So, G88 share price would more like to stay at 1.5 c or 1.6 c before G88 completely run out funds and raise capital again.

For me, I'll not buy G88.

DYOR

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Good-o.

Can't agree with the thesis since G88 is at a significant value-accretive stage of development with Quicksilver. But it's a view.

Don't quite understand why Mahe Capital Pty Ltd raises hackles. Not a bad track record of genuine, old-fashioned follow-up support from what I have read.

So back to CCZ for you then, I suppose.

G88 Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $7.092M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.5¢	$4.278K	285.2K

Buyers (Bids)

No.	Vol.	Price($)
3	509230	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	50000	1

View Market Depth

No.	Vol.	Price($)
4	1040382	0.013
3	203333	0.012
4	1371818	0.011
8	1113920	0.010
6	2672222	0.009

Price($)	Vol.	No.
0.015	50000	1
0.016	350000	2
0.018	381924	2
0.019	50000	1
0.020	247275	4

Last trade - 14.36pm 06/11/2024 (20 minute delay)

G88 (ASX) Chart