That's a great question.
Cash in the bank like 15mil is both good and bad.....good side is it gives the coy a chance to use in leu of going to the market for Capital raises and would add loads of resilience to the balance sheet should we see a downward shift in markets....the bad this has to be put to good use otherwise the time value will diminish.
The current market cap of the coy equals the Cash at Bank (or soon to be) plus they are sitting on resource assets that have drill results due very soon so it's looking good for this little puppy!
CS
Ann: Further Visible Gold Identified at Bella Tondi, page-95
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $20.63M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $6.148K | 1.929M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 85 | 52191063 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 21244237 | 61 |
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| Last trade - 15.59pm 31/05/2024 (20 minute delay) ? |
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Last
0.3¢ |
Change
-0.001 ( 14.3 %) |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.4¢ | 0.3¢ | 275618 | ||
| Last updated 15.04pm 31/05/2024 ? | |||||
| VML (ASX) Chart |