The 174mt @ 60% was the recently announced increased MRE, noting that the increase was possible due to using a cut off of 57.5% based on a smaller scale operation.
(Quarterly is really just reiterating what was ann'd in scoping study)
The PFS is the next major milestone and that involves further drilling and analysis and drill results are anticipated to be released mid 2024.
The real issue in the quarterly is our cash position!
We had $4.1m at end December and the company expects to have the same level of net operating expenses (Q 8.8 - 1.) which means we have insufficient capital for a full quarter.
Comments indicate they will either raise funds or reduce evaluation activities (however do not indicate how much it will cost to finalise the PFS).
Clearly they need to keep moving so I would expect a CR is imminent.
Unfortunately our published npv's etc haven't warmed the hearts of the market so looks like another raise at these types of SP levels and will be very annoying if another large discount.
If they intend to reduce evaluation activities it would suggest (to me) that end game may be trying to flush out a buyer!!
Guess it will all become clearer soon.............
- Forums
- ASX - By Stock
- RHK
- Ann: Quarterly Activities and Cashflow Report
Ann: Quarterly Activities and Cashflow Report, page-4
-
- There are more pages in this discussion • 6 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 RHK (ASX) to my watchlist
(20min delay)
|
|||||
Last
82.0¢ |
Change
-0.030(3.53%) |
Mkt cap ! $163.8M |
Open | High | Low | Value | Volume |
82.0¢ | 82.0¢ | 82.0¢ | $39 | 48 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.0¢ | 1434 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 109 | 0.820 |
1 | 1500 | 0.800 |
1 | 5000 | 0.670 |
1 | 1505 | 0.665 |
1 | 20000 | 0.660 |
Price($) | Vol. | No. |
---|---|---|
0.820 | 1434 | 1 |
0.850 | 976 | 1 |
0.860 | 58034 | 3 |
0.870 | 6412 | 1 |
0.885 | 3999 | 1 |
Last trade - 12.10pm 26/09/2024 (20 minute delay) ? |
Featured News
RHK (ASX) Chart |