Anything is possible , the company has not let out any new info on what is happening at the mine , we do know grade and possibly tonnage were below expectations initially hence the sp halving , but just as one swallow does not mean spring has come , is it worth halving a company's cap because the first 3 months of a mine's 6 year mine life did not perform to expectation ?
Unless the company states it can not hit 25K ounces for the December quarter I am happy to hold at these prices .
I do feel the contractor could have been better prepared for mining , and it is partly due to the lack of preparation by them, plus presumably a lack of coordination with the grade control drilling team that the sp has been hammered , hopefully they can coordinate better going forward .
There now looks to be evidence of lodes running North of Gilbeys if further high grade ore is hit then I would not want to be a shorter of this .
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$1.54 |
Change
0.005(0.33%) |
Mkt cap ! $1.708B |
Open | High | Low | Value | Volume |
$1.55 | $1.55 | $1.49 | $3.502M | 2.298M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 34440 | $1.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.55 | 157799 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 34440 | 1.520 |
1 | 14440 | 1.515 |
2 | 20152 | 1.510 |
1 | 27000 | 1.500 |
1 | 126 | 1.495 |
Price($) | Vol. | No. |
---|---|---|
1.550 | 157799 | 9 |
1.555 | 14440 | 1 |
1.560 | 28940 | 2 |
1.565 | 5000 | 1 |
1.590 | 1938 | 2 |
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