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0.2¢ javelin minerals limited

Ann: Results of Meeting, page-15

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malio

411 Posts.

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30/08/20

12:39

Post #: 46928945
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Originally posted by Sentia717 ↑

I agree in part. But ultimately even if everything goes according to plan they have to reach the tipping point where they have proven up double what is presently identified to be there in the way of a proven resource. That point is set at being 2024. Correct me if I am wrong but they are not able to take effective control of the project until 2024. In other words that to meet the criteria to move to maximum ownership they have to get the resource proven at double what it is presently. Therefore VIC will be spending a lot of money (where from ?) to achieve those stated milestones with no income from Coogee. Yes the gold price could go up more (maybe very much more) and that could provide a bit of excitement but unless VIC can get some money coming in from a project then it would have to rely on handing out more and more shares to would be sophisticated investors.
There has to be something else in my opinion.

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I read it Sentia that they have to spend the money by these dates but if they spend early they earn early.

VIC Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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Last 0.2¢		Change -0.001(20.0%)		Mkt cap ! $8.553M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$57	28.49K

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No.	Vol.	Price($)
47	62135285	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	46168796	34

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No.	Vol.	Price($)
47	62135285	0.002
70	221787682	0.001
0	0	0.000
0	0	0.000
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Price($)	Vol.	No.
0.003	46168796	34
0.004	14745302	7
0.005	6688530	6
0.006	789945	2
0.007	1000000	1

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