no point drilling for more, when you have substantial resources in hand.
They simply had to wait for the window of opportunity to exploit that existing resource.
If they had kept drilling for more, then they would have needed more cash to do so, = more dilution.
It simply makes no sense to build a substantial existing resource beyond that, when the price and logistics strand the asset.
Make hay today, as the sun is shining, and convert that to cash = diverse opportunities ahead.
If prices do sustain for a longer period, then its Win, Win, Win more.
For under 90m mc, i dont see too many others getting the ships loaded, with the shovel ready assets in play, approved to mine. !! Stage 2 ? !!!!
no point drilling for more, when you have substantial resources...
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Last
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Change
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Mkt cap ! $35.33M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $1 | 8 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 110560 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 13695 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 10.5¢ | 11.0¢ | 10.5¢ | 2984 | ||
| Last updated 14.49pm 02/05/2024 ? | |||||
| GWR (ASX) Chart |