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3.57%

2.9¢ group 6 metals limited

Ann: Noosa Mining Conference Presentation, page-7

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Reaper11

20,848 Posts.

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19/07/24

14:25

Post #: 74829943
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Originally posted by Rob1000: ↑

On one hand I very surprised they have not already needed to raise cash, on the other who would give them money based on the current performance.

I bought a small holding as an option to go long in the next raise. They have in the passed raised cash from there high net-worth holders and then given retail an option at the same price.

Before committing cash, I would need to be connived that the plant perform issues have been resolved. The grade is in line with the BFS and recoveries are north of 60%.

From the presentation, grade looks good, plant performance is ok and 55% recoveries are trending in the right direction.

With a market cap of 30 million, if they can do that then they should be able to get back over a 100 million.

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They only had $1.2 million cash at the end of the March quarter. The fact they haven't had to raise suggests they're either operating at close to break even, haven't been paying their bills, or have found some other money to use to continue operating. Anyone know which?

. Reaper

G6M Price at posting: 3.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 2.9¢		Change 0.001(3.57%)		Mkt cap ! $29.11M

Open	High	Low	Value	Volume
3.0¢	3.0¢	2.9¢	$7.045K	234.8K

Buyers (Bids)

No.	Vol.	Price($)
1	34626	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	288335	4

View Market Depth

No.	Vol.	Price($)
1	34626	0.029
4	297721	0.028
4	185000	0.027
2	538461	0.026
7	476510	0.025

Price($)	Vol.	No.
0.030	288335	4
0.033	41674	3
0.034	63570	2
0.035	100275	1
0.036	85000	2

Last trade - 10.25am 20/08/2024 (20 minute delay)

G6M (ASX) Chart