I haven't been able to fault management, so the fact the share price showed a 42% increase since the 14/10 implies to me there is a leaky ship of good news. A capital raise would be nonsensical at this stage as the September quarterly showed they have funds for the next 3.72 years. I would be surprised if this was just to shore up a higher cash burn. I tend to agree with others it will be either an acquisition or a debt reducing proposition to expose the company to an even higher Gold price, makes very good business sense!!
Interesting times!
GLTAH
DYOR
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $389.9M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 15.0¢ | $2.912M | 19.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 4064070 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 242501 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MEK (ASX) Chart |