I tend to agree with your comments @ad0.
I suspect management will need to execute their planned drilling in a timely manner (i.e. this year rather than next year), deliver spectacular results to underpin a BFS, then announce a finalised BFS with all the regulatory approvals sometime during 2025, then announce project funding & execute the mine development & plant upgrade later in 2025 in readiness for commissioning & production sometime in 2026 / 2027.
Alternatively...secure project funding without a BFS via a JVA with a cashed-up entity preferably before Aug/Sep 2024, then execute planned drilling later in 2024, then deliver suitable results & a BFS with all the regulatory approvals sometime during 2025, then start the mine development & plant upgrade later in 2025 in readiness for commissioning & production sometime in 2026 / 2027.
IMO, securing the required project funding via a JVA sometime in 2024 & preferably before Aug/Sept would be the better option in terms of improving the withering SP & negating the need for another 1 or possibly 2 CR's (with offer prices lower than $0.004 during the second half of this year).
Looking at the Mar'24 quarterly: the activities planned for Brazil & Adelong might struggle to improve the SP in the near-term (based on the SP response to date) which seems to suggest that management will need to pull a couple of gold rabbits out of their magic hat & surprise the Market with 1 or 2 spectacular announcements (worthy of celebratory fireworks & applause) regarding the $15M+ project fundingfor drilling, BFS, plant upgrade & mine development.
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I tend to agree with your comments @ad0.I suspect management...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.471M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $4.83K | 1.201M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1539473 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 6826512 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1289473 | 0.004 |
40 | 32530050 | 0.003 |
14 | 44440000 | 0.002 |
13 | 142355000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 6826512 | 11 |
0.006 | 9091000 | 6 |
0.007 | 7853301 | 8 |
0.008 | 9343820 | 5 |
0.009 | 6798569 | 8 |
Last trade - 13.15pm 23/08/2024 (20 minute delay) ? |
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