GTR 0.00% 0.6¢ gti energy ltd

GTR holds low grade leases which are not commercially viable...

  1. 3,517 Posts.
    lightbulb Created with Sketch. 568
    GTR holds low grade leases which are not commercially viable which have been drilled by the major players and relinquished. GTR clearly state over $12 million was spent drilling on its recent acquisition and the major who owned it gave it back due to low grade or no hits. It's pointless acquiring leases which have been extensively drilled except if part of your performance is attached to defining a resource. Acquiring the lease allowed management to define a resource from the previous $12 million spent by a major peppering it with holes. Is just a shame it's a low grade ,not economically viable lease, but it did allow management to receive there performance bonus. Have you looked at the grades the leases the majors hold In comparison to what GTR have. The majors have a an ample supply of high grade leases
 
watchlist Created with Sketch. Add GTR (ASX) to my watchlist
(20min delay)
Last
0.6¢
Change
0.000(0.00%)
Mkt cap ! $11.27M
Open High Low Value Volume
0.6¢ 0.6¢ 0.5¢ $5.73K 1.064M

Buyers (Bids)

No. Vol. Price($)
42 23092730 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 3276469 8
View Market Depth
Last trade - 14.38pm 05/06/2024 (20 minute delay) ?
Last
0.6¢
  Change
0.000 ( 10.0 %)
Open High Low Volume
0.6¢ 0.6¢ 0.5¢ 298419
Last updated 14.52pm 05/06/2024 ?
GTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.