this has always been a fairly tight ship. Nothing is leaking.
We have experienced substantial downward pressure on share price over the last 3 months (basically Since our recovery from the covid crash) due to a capital raising in the form of option conversion. This ended Monday. We have been on a solid line up since. The company is now cashed up and will not be needing capitol for some time.
Durring this time of downward pressure, very positive drill results have been shared. With even a basic understanding of geology/resource modeling, one can clearly see we are going to see a substantial increase in inferred resource in a resource update within the next couple weeks, a timeline which has been pushed back a little do to delays in drilling and at the assay lab.
my personal expectation is a bump from 2.5 moz up to about 3.5 moz, although some respected people here are calling for 4-5 moz, which is certainly a possibility.
these are the primary reasons for the increase in share price we have experienced in the last week, and will Hopfully continue to experience.
the word getting out there and the bulk run on gold is certainly a cherry on top.
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18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $50.30M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.0¢ | $152.0K | 813.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 145008 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 99067 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 145008 | 0.180 |
1 | 28570 | 0.175 |
1 | 10000 | 0.170 |
6 | 258480 | 0.165 |
2 | 125000 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 99067 | 5 |
0.200 | 90000 | 2 |
0.205 | 4882 | 1 |
0.210 | 4650 | 1 |
0.220 | 54500 | 2 |
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