I do agree. But I think the market is only pricing the cash balance for now. $13mn over 260mn issued shares is 5 cents. The drilling cost of $26mn is of no value unless the balance funding is raised and on what terms. No JV no drilling. Drilling plant & equipment could go waste if balance funding is not organised. In addition to balance funding, the necessary approvals need to be obtained. So its a good story for now - but the value will be factored in due course as the JV & approvals fall in place. It will be a Disallowed for sure. I just topped up to bring my average cost down (maybe time to dust off from the bottom drawer to the middle drawer for now!) All IMO. Cheers!
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Last
0.5¢ |
Change
-0.001(9.09%) |
Mkt cap ! $14.04M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $544 | 108.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 12766332 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 2629079 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 12766332 | 0.005 |
16 | 6587679 | 0.004 |
5 | 5300000 | 0.003 |
4 | 4950000 | 0.002 |
4 | 21000100 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 2629079 | 9 |
0.007 | 9404624 | 15 |
0.008 | 2282322 | 7 |
0.009 | 2350000 | 5 |
0.010 | 1250000 | 5 |
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