The risk here is the continuing negative perception of management. The risk there is finding minable ore.
There is a gold resource at Greenvale and that alone is valued at 'not much at all'. by the market The MC is a paltry $14m.
Eliminate the negative perception and the MC would be multiple times that.
I cannot see management changing to any marked degree unless the major holders, including Ken Harvey, revolt. Therefore, it's a matter of hoping that the Board comes good!
Ann: Steam Engine Resource Expansion and Mining Study plans, page-65
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $15.18M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $8.181K | 1.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 8320627 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 4319932 | 6 |
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| Last trade - 14.27pm 13/11/2024 (20 minute delay) ? |
| SPQ (ASX) Chart |