I think it is in J Resources interest for the unification of the 2 resources to go ahead, it is a win-win for all.
My guess is that J Resources is holding out for more than a 40% ownership share. It may be a case of who blinks first.
The drilling of the area between the two resources started about 9 months ago, and I don't think we have heard any results, which has me puzzled.
If you believe the Gold Bull run still has a few years to run, the delay now may be working in our favour.
Mkt Price to NTA, page-8
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Last
51.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.98M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 51.0¢ | $6.005K | 11.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30655 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 14923 | 1 |
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| Last trade - 10.07am 27/09/2024 (20 minute delay) ? |
| LSX (ASX) Chart |