Pausing all operations would come with its own problems. A slow drain of cash, combined with no possible excitement on the horizon to generate buying demand, so an imbalance towards sellers and a falling SP. Then no progress towards the company's goals of PFS, BFS, production, so a lot of dilution would happen later at a low SP when they decide to resume operations, and they'd be a long time behind schedule and having to re-hire.
Currently: Gold is high, even if high interest rates are driving down valuations of explorers. I think it's necessary to progress towards their goals, so just deciding between US raising or ASX raising (so we can keep drilling at a good pace for PFS). If we're going to be diluted in either case, then I prefer the ASX case so I can participate and offset my dilution. But I expect management see some side benefits from a US listing - better odds of receiving a grant, or better odds of favourable funding for BFS/construction, or better odds of a partnership/acquisition etc.
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $41.93M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $8.4K | 42.72K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 92771 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 20806 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 92771 | 0.195 |
3 | 67400 | 0.190 |
4 | 19545 | 0.185 |
3 | 124500 | 0.180 |
5 | 144650 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 20806 | 2 |
0.210 | 1486 | 2 |
0.220 | 6000 | 1 |
0.235 | 30000 | 1 |
0.250 | 7658 | 3 |
Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
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