That is why the neighbour starting with 'R' has a market cap under $9M, not bad for a company fully funded for its initial drill program and to pay all those costs you speak of. Great risk/reward IMO. Clearly they will need to raise again before their phase 2 drilling prior to the years end. In comparison, CGR already have a market cap close to $30M. Lots more cash in the bank than 'R' do which is fantastic and will be able to fund at least 2 phases of our drilling campaigns. Both companies look good from their initial pre-drilling starting positions IMO. Upside from both! Just have to let the drills do the talking now.
Ann: Completion of Ground Geophysics Enhances Targets, page-322
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $12.70M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $20.08K | 150.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 162288 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 27896 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CGR (ASX) Chart |