That was one of my main questions when screening this mob.
They understood the old holders went down a rabbit hole where they didn't understand the structures and mine puzzle so kept pumping any cash flow from sales back in to the literal money pit and never spent any money exploring/developing around the site which would have allowed for a better understanding of the geological model.
Not the case with this new team. They have spent last couple of years evaluating and re-evaluating existing data to hone in on best potential targets.
They answered everything as one would hope for on a relist of an older area that's to be reworked.
That small caps video YT interview link posted is excellent for anyone looking to view this with a fresh set of eyes.
Like I said, not familiar with old company apart from they didn't manage it well.
A very common story where exploration around old mines with fresh eyes and approach paying off handsomely. BGL for example is one everyone knows. There are countless others.
I invest primarily on backing Tier 1 management in spec end. Alex is impressive as are his backers but now the drills will prove or disprove any of my assumptions.
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- Ann: Barton Mobilises Tarcoola & Tunkillia Drilling Programs
Ann: Barton Mobilises Tarcoola & Tunkillia Drilling Programs, page-9
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Mkt cap ! $68.81M |
Open | High | Low | Value | Volume |
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1 | 7000 | 0.295 |
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Price($) | Vol. | No. |
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0.320 | 69375 | 1 |
0.335 | 117675 | 3 |
0.340 | 3958 | 1 |
0.350 | 47000 | 1 |
0.365 | 2000 | 1 |
Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Change
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Last updated 15.57pm 22/05/2024 ? |
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