Having pushed them to give some news, it was not the one most of us expected. My view is that the rare earths are not the reason directors would be super keen to buy all the shares they can.
The known facts are that the Colosseum mine has been given the green light to mine, recent drilling has returned Bonanza level ore, the drilling program has given the Directors a knowledge that the resource will greatly increase from 800k ounces.
logic says that the rare earths are not the driving force that made the Directors do the Rights issue, the raised capital to me seems enough to start gold production of a high grade and easily accessed gold ore.
My belief is that at last these guys can see a path to positive cashflow, and given the modest available capital it will be by April 2024, hope not the 1st!
Having pushed them to give some news, it was not the one most of...
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Last
1.2¢ |
Change
-0.001(4.17%) |
Mkt cap ! $16.70M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $13.72K | 1.150M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 4474512 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 3100000 | 2 |
View Market Depth
| Last trade - 15.55pm 24/05/2024 (20 minute delay) ? |
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Last
1.1¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.1¢ | 1.1¢ | 700000 | ||
| Last updated 11.56am 24/05/2024 ? | |||||
| DTR (ASX) Chart |