BUX 4.35% 11.0¢ buxton resources limited

I think you are missing the point with the JV's.They make us at...

  1. 4,697 Posts.
    lightbulb Created with Sketch. 326
    I think you are missing the point with the JV's.

    They make us at the mercy of IGO as to if and when they spend exploration dollars, or even make the decision to go to ahead with the next phase.

    The exploration side can be drawn out over 5 years (from memory), and with the current uncertainty at the macro level, they might sit on there hands in the medium term.

    And our stake is highly diluted

    And they did mess up one of the drill holes at CW.

    Having said that, IGO is major shareholder and are in desperate need of a new tier 1 project with the Nova deposit dwindling. So they may infact be our greatest gift.

    Anyway, as stated over and over, bring on drilling at our 100% owned land at CW. That could be the company maker, and provide our greatest leverage.

    Milesy

 
watchlist Created with Sketch. Add BUX (ASX) to my watchlist
(20min delay)
Last
11.0¢
Change
-0.005(4.35%)
Mkt cap ! $19.05M
Open High Low Value Volume
11.0¢ 11.0¢ 11.0¢ $2.926K 26.6K

Buyers (Bids)

No. Vol. Price($)
3 38812 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 94695 2
View Market Depth
Last trade - 11.14am 13/05/2024 (20 minute delay) ?
Last
11.5¢
  Change
-0.005 ( 0.00 %)
Open High Low Volume
11.0¢ 11.5¢ 11.0¢ 24943
Last updated 11.51am 13/05/2024 ?
BUX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.