Raising funds in the current market is diabolical in my view. Only the very best projects will be able to raise any coin at all. HWK do have enough to fund the first round drilling at Lone Pine in Q2 and maybe some early magnetic work at Western Plains. They'll need good results at Lone Pine or an early end to this virus madness to go back to the market to raise more I imagine.
Lone Pine has bits and pieces at 18 grams per tonne and if the drill bit finds more at this grade they won't have too many problems. That's a sensational grade by Australian standards - just look at the grades exciting all the explorers in the Lachlan Fold at the moment - they're tinkering around with 5g/t and posting on hot copper all day about it.
- Forums
- ASX - By Stock
- Ann: ACQUISITION OF WESTERN DESERT GOLD - COPPER PROJECT
Raising funds in the current market is diabolical in my view....
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.10M |
Open | High | Low | Value | Volume |
1.5¢ | 1.6¢ | 1.5¢ | $20.09K | 1.339M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 2019557 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 4047432 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1864557 | 0.015 |
34 | 6030715 | 0.014 |
17 | 3949282 | 0.013 |
8 | 2929151 | 0.012 |
10 | 5657090 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 4044932 | 22 |
0.017 | 1461470 | 13 |
0.018 | 1040240 | 9 |
0.019 | 1794989 | 5 |
0.020 | 2537025 | 10 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
AZL (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online