So the company has a minimum expenditure on its tenements of $675k. That is, part of the requirement of holding those tenements is spending money on them. Each tenement has a different expenditure requirement. Yet AG has a KPI to keep spending on Raw Materials < $1M.
Put 2-and-2 together, and you can see that the incentive is to not drill out a resource in the next 12 months.
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.90M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 0.9¢ | $5.816K | 582.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 163951 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1151316 | 14 |
View Market Depth
| Last trade - 15.48pm 15/07/2025 (20 minute delay) ? |
| LIT (ASX) Chart |