There are just a couple of statements in this thread that I could not ignore to comment on.
"Whatever you decide IMO at the end of the day your picking up a stock that is undervalued based on earnings and future growth"
Undervalued based on earning ???? - what earnings, they made a 2.1 million loss for the quarter.
"From what I have gathered the mill is currently running at around 2/3's capacity and management are keen to take advantage of the remaining capacity and believe that a SPP will fast track that"
2/3 capacity - then the best that they can do is around 7-8K oz a quarter without some capital investment. How do they propose to meet the targets they keep reporting.
Not trying to be critical but.......
Don't have a position anymore.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 3403261 | 0.4¢ |
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Price($) | Vol. | No. |
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0.5¢ | 7556171 | 16 |
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No. | Vol. | Price($) |
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4 | 3403261 | 0.004 |
15 | 10787354 | 0.003 |
9 | 10895025 | 0.002 |
10 | 14202988 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 7556171 | 16 |
0.006 | 19756758 | 7 |
0.007 | 2263000 | 4 |
0.008 | 4843671 | 8 |
0.009 | 2370800 | 4 |
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