Today's results were below average. If your drilling results from an area only bought these sort of results from today you'd just move on.
It just suggests to me that the mother load has been hit with the large double digit and triple digit results, and material has drifted quite a distance from there.
Unless you do more drilling and find better results, you'd say this new strike area is non economic to mine at current prices. Not an expert - but drilling this area without other results to suggest something more to find - you wouldn't waste more money on drilling near these results. Spread the net wider somewhere else
Hence the plummeting SP.
Was Friday FOMO? Maybe
Was it a pump and dump? Maybe
Both these options seem more likely than a leak now because those results wouldn't have moved the needle by themselves.
I'm still interested in a gold stock to go with my graphite mine - So I might buy in during the week. I don't think this will be a long term hold having to go through all the drilling and drilling then CRs to start moving pay dirt etc.
- Forums
- ASX - By Stock
- GBR
- Ann: New discovery at Side Well as Mulga Bill grows to 5.1km
Ann: New discovery at Side Well as Mulga Bill grows to 5.1km, page-123
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBR (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.12M |
Open | High | Low | Value | Volume |
5.5¢ | 5.6¢ | 5.4¢ | $40.74K | 742.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 259772 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 19929 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 259598 | 0.054 |
4 | 988833 | 0.053 |
5 | 561615 | 0.052 |
5 | 501862 | 0.051 |
5 | 175019 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 19929 | 2 |
0.057 | 105713 | 2 |
0.058 | 532724 | 3 |
0.059 | 500000 | 1 |
0.060 | 500000 | 2 |
Last trade - 15.55pm 14/10/2024 (20 minute delay) ? |
Featured News
GBR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online