It is a real possibility. The shares are cheap and we could run out of money before selling gold.
FMR have not participated in any of the raises as far as I can remember but still they do a trial mining deal and build the company the drives to under that old mine. Why would they do that amount of work for low grade gold ore. In my view they are setting up to significantly increase their holding.
We got rid of the 10% capital replacement facility but the company automatically gets the 15% at the start of each new year.
The latest ASX announcement is contrary to my thinking.
This is just my opinion and I hope it does not happen.
It is a real possibility. The shares are cheap and we could run...
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Last
0.9¢ |
Change
-0.001(5.56%) |
Mkt cap ! $11.67M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $13.06K | 1.545M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4340875 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 917737 | 1 |
View Market Depth
| Last trade - 15.46pm 02/05/2024 (20 minute delay) ? |
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Last
0.8¢ |
Change
-0.001 ( 11.1 %) |
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| Open | High | Low | Volume | ||
| 0.8¢ | 0.8¢ | 0.8¢ | 60000 | ||
| Last updated 15.33pm 02/05/2024 ? | |||||
| GSR (ASX) Chart |