YM 130m free shares is the answer. I guess 13c, make that 11c now, is still good money if they cost you nothing.
May turn around once the drilling at Gabanintha starts in a few days. The price doesn't suggest a deal any time soon though.
Picked up a few today just in case they get their act together. A resource of 92.5mt @ .081% V2O5, 9.81% TiO2 & 51.2% fe2O3 must be worth more than the current m/c of $16m at 11c. Management put an in-situ mineral resource value of $15b on Gabinintha back in Dec 2005. The resource is now 3 times larger than then and about to be drilled again so worth the risk at these prices.
building, page-19
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $129.4M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $17.14K | 1.134M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 11718293 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 8751147 | 27 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| AVL (ASX) Chart |