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.
