Hahahaha...a complete rerating? To where 80c! Thats 4c on the old scale. Thats below the trading halt price prior to the placement of 50c.
I have decided to write this investment off.
A sniff of positive news to get out and Im off. I'm done investing in this company. Have to get a broker report to spell out the issues with the coal deposit.
Everything sounded positive according to ME BRR interview. Seems like the shape of the deposit isnt great and although the hits so far are at open pit depth, given the steep dip, the bulk will not be and therefore extraction costs will increase.
Glad we payed top dollar for this land. If only we had done the initial 5000m drilling during the due dilligence instead of 5-6 holes. Oh well...you live and learn.
The comapny should start to explore the other tenements in the background. We have the cash.
renaissance capital research note, page-5
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Last
$1.35 |
Change
-0.020(1.46%) |
Mkt cap ! $1.727B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.34 | $10.79M | 7.830M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 94068 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 215755 | 6 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BGL (ASX) Chart |