To me this looks as well as if the company is trying to re-position itself. Applying a sense of "Think BIG" must not be bad.
- They have drilled to 102,5m with a resource of "just" 245k
- Showing an exploration target to at least double if not triple the resource may be key to attract big players
- An updated JORC @ Ricon is planned for Q3/2021
- This requires drilling (to at least 300m)!
- In parallel Tonopath Exploration planned in Q2/2021 to progress US operations
- $2.9m in the kitty may be insufficient for running operations + JORC update + Tonpath exploration
=> Capital raise around the corner (imho)
=> ~US $30m would cover running operations + Stage 2 + JORC update + Tonopath exploration
To me this looks as well as if the company is trying to...
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Last
7.1¢ |
Change
-0.003(4.05%) |
Mkt cap ! $102.6M | |||
| Open | High | Low | Value | Volume |
| 7.2¢ | 7.5¢ | 7.0¢ | $581.5K | 8.096M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 726027 | 7.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.2¢ | 14914 | 4 |
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| Last trade - 13.10pm 26/06/2024 (20 minute delay) ? |
| AGY (ASX) Chart |