G11 5.56% 1.7¢ g11 resources limited

Ann: Trading Halt, page-7

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 8,397 Posts.
    lightbulb Created with Sketch. 2754
    No.

    They have $2m end of last quarter which is more than enough for another drill program (which will begin immediately with a diamond rig, that's confidence). I went through this same debate with many on the RCR thread from $0.025 all the way up to the recent high of $0.15 (eventual $0.10 cap raise), many ppl were calling for a raise and not buying because of the fear - they missed out on many bags.

    G11 told us everything we needed to know in their last update, understated but said enough for me to enter. The likes of Martin Donohue and crew aren't pump merchants, hence, I also think they wouldn't halt for average results/assays.

    The grade in this system is 100% there, I'd like to see more width to bulk out tonnage - at current copper grade, they'll need about +10Mt to even entertain moving to feasability studies, and with 7.5kms of strike of very sparse drilling I believe its potentially achievable.

    A new copper district, perhaps. VMS, perhaps. I think its something other than VMS but I'll get to that later...

    GL G11
    Seth


    https://hotcopper.com.au/data/attachments/6212/6212454-d81ad583b29c395883c5e6314f6343e1.jpg

 
watchlist Created with Sketch. Add G11 (ASX) to my watchlist
(20min delay)
Last
1.7¢
Change
-0.001(5.56%)
Mkt cap ! $15.83M
Open High Low Value Volume
1.8¢ 1.8¢ 1.7¢ $39.65K 2.324M

Buyers (Bids)

No. Vol. Price($)
1 167205 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 753455 2
View Market Depth
Last trade - 13.01pm 04/10/2024 (20 minute delay) ?
G11 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.