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Schumacher

3,400 Posts.

19/03/15

14:03

Post #: 14943244
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Originally posted by BAGMAN22 ↑

Well, it's 1 ,898,122,866 shares on issue, still a lot though.
It may be a bit early to fret about a valuation, the potential investor is still looking, but agreed the market cap is only $5.7m at $.003 so there is potential for a lot more than that. I think a fair comment is that the 'small scale mining operation' is only the beginning - the idea, presumably, is to prove-up the methodology and then expand rapidly.
In any case a $35m investment is going to be a lot easier to handle than the $200m or so that was the start up cost of the original plan.
I'm giving it breathing space, we've waited this long and isn't it a pleasure to be thinking of a healthy future for Gippsland, rather than the miserable alternative.
B22.

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thanks BAGMAN - well if .003 gets wiped should run to .005 easily which has been resistance for some time - will be interesting to see if buyers step up now
cheers

AR1 Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $8.054M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$23	3.289K

Buyers (Bids)

No.	Vol.	Price($)
2	123694	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	523176	5

View Market Depth

No.	Vol.	Price($)
2	123694	0.007
6	4570000	0.006
5	2990369	0.005
3	6300000	0.004
2	1400000	0.003

Price($)	Vol.	No.
0.008	523176	5
0.009	2245158	7
0.010	2548429	7
0.011	3175500	3
0.012	135607	2

Last trade - 13.17pm 09/07/2024 (20 minute delay)

SP8 (ASX) Chart