Looking at the latest presentation - to me, it looks like they have got moving on planning their next drill campaign already, and as mentioned, they have obviously brought this forward to lift their production to over 100k/oz a year.
Ive heard a few whispers how they intend to get some of their funds, but not sure those options will finance a big drill campaign - but dont discount mamagements abilities to work some deals to get this done.
AS well as project financing, im now eagerly awaiting other funding options the comapny might be chasing.
The drill campaign would have to be fairly significant ti lift production significantly, although as mentioned, they got great value for their $3million spend last campaign, but still, they will be looking at a $10 million spend this time ide suggest. I wouldnt even mind a Share Purchase Plan for existing holders to raise this money - its going all towards future growth and a 35k oz/year increase in production will easily repay existing holders putting in more money to finance this.
If JG can work his magic and finance this some other way, even better.
- Forums
- ASX - By Stock
- MYG
- gold symposium sydney-john has just spoken
gold symposium sydney-john has just spoken, page-16
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
Add MYG (ASX) to my watchlist
|
|||||
Last
83.0¢ |
Change
-0.010(1.19%) |
Mkt cap ! $75.91M |
Open | High | Low | Value | Volume |
83.5¢ | 83.5¢ | 83.0¢ | $22.85K | 27.50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14711 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
84.0¢ | 25848 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9711 | 0.800 |
2 | 6700 | 0.795 |
1 | 12500 | 0.790 |
1 | 9912 | 0.780 |
3 | 6750 | 0.750 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 25848 | 1 |
0.860 | 5058 | 1 |
0.900 | 2494 | 1 |
0.920 | 5000 | 1 |
0.980 | 2520 | 1 |
Last trade - 12.53pm 02/08/2024 (20 minute delay) ? |
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
MYG (ASX) Chart |