CGR 's drilling result was bad and couple millions dollars have been used in this quarter. I don't think they still have 7.9m cash at bank. Now they don't have any good plan for new drilling in near term and it might consume another couple million dollars before next drillings. I guess this is why people are selling with help of tax losses taken. The management is muted and a bit confusing what they should come out. I won't touch CGR at the moment until it comes out with clear drilling plans. RCR currently has upper hand comparing to CGR with drilling plan and prospects.
Ann: Webb Project Drilling Update, page-405
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $12.70M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $20.08K | 150.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 162288 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 27896 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CGR (ASX) Chart |