We have 6 separate targets to drill.
If the first one is not successful, nothing is lost as there is another 5 to drill. As Stan mentioned, they move straight onto targets 2,3 and 4.
This first deep drill hole is 50% part funded, so we don't outlay that much cash for this hole.
Some odd comments from people making out like this is the only drill program we are doing!!
Not sure how you are going to lose all your money on the first drill hole!!
The company isn't going bust. They have $8.5m cash and funded for 18 mths to drill and explore these 6 targets plus more.
We have 6 separate targets to drill. If the first one is not...
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Last
33.5¢ |
Change
0.030(9.84%) |
Mkt cap ! $30.41M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 35.0¢ | 31.0¢ | $242.9K | 718.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 39625 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 50000 | 1 |
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| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
34.0¢ |
Change
0.030 ( 11.5 %) |
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| Open | High | Low | Volume | ||
| 32.0¢ | 35.0¢ | 32.0¢ | 137204 | ||
| Last updated 15.53pm 29/04/2024 ? | |||||
| CGR (ASX) Chart |