WW: SFR wont be that interested in RB at the price THX would want to JV it out. Unless you have demonstrable economic metal in the ground, its too speculative.
So what can THX do? If you believe in the story, and I certainly believe in the prospectivity of the ground, you persist. However, persist doesn't mean doing the same thing and expecting a different result. It means approaching the problem from a different direction; there are many to choose from!
The alternative is giving up ownership (via a JV) cheaply and walking away with a small holding/royalty. I'm not convinced THX is at that point yet but, as I implied, if they don't change direction this is possibly an orebody for someone else to find.
THX Price Direction?, page-59
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $35.70M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $2.593K | 476K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 24112708 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 25452861 | 21 |
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| Last trade - 14.54pm 12/07/2024 (20 minute delay) ? |
| OAU (ASX) Chart |