Hey abitlike me,
I hope you are right, however, with my 'realistic' hat on, I believe management will soon announce a small capital raising, to allow further drilling of the exciting new 5km of geochemical anomaly's just announce to market. That will probably cap the SP for another short period for another leg up.
As of Sept 30, the had $3.1 million in the kitty, which with almost 2 months have gone by, and further drilling occurring as we speak, means they must be near $2 million, which I feel, is as low as one wants it to get.
My guess is another $5 million to ensure they have the ability to drill drill drill at both Glenburgh and hopefully Dalgaranga. Perhaps at around the $0.22 cent mark.
Definately not complaining about the SP rising though :-)
Great company.
Ann: Investor Presentation , page-3
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$1.22 |
Change
-0.150(11.0%) |
Mkt cap ! $1.350B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.35 | $1.22 | $10.05M | 7.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31824 | $1.22 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 85586 | 2 |
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