Also bought some of these today. Market Cap of A$10m. I agree with @ASXcowboy I think there is potentially some value here. Hoping they can sell their equipment for at least a third of what it cost them ($7m of the $21m) and claim at least half of the GST owing to them (A$3m of the A$6m) which should give them sufficient working capital while they work out the future direction (what ever that might be).
I think the shallow 200,000 oz Measured Resource at over 2g/t could attract some interest and definitely provides optionality. This could be developed as a much smaller operation (Perhaps Stage 1).
Interesting to see where the share price settles. I am encouraged by the increase in volume.
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Also bought some of these today. Market Cap of A$10m. I agree...
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.97M |
Open | High | Low | Value | Volume |
2.3¢ | 2.3¢ | 2.3¢ | $184 | 8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 488934 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 0.023 |
1 | 496583 | 0.021 |
5 | 490000 | 0.020 |
2 | 126000 | 0.019 |
3 | 217528 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 488934 | 1 |
0.027 | 357000 | 3 |
0.028 | 749629 | 3 |
0.029 | 938309 | 3 |
0.030 | 193478 | 2 |
Last trade - 10.04am 23/08/2024 (20 minute delay) ? |
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