Agreed they need an increasing gold price to justify a SP increase.
The UG mine brings with it some upside, but the planned grades to the treatment plant remain marginal. IMHO
Furthermore, the local issues have not been tested when there is gold coming out of the ground.
The $5M will be chewed up pretty quickly by contractors and the remains of the construction cost.
Its a good speculative play given the SP. Its probably at its low so good luck to any new holders
Ann: Issue of Utilisation Request for Tranche 2 Debt, page-6
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.67M | |||
| Open | High | Low | Value | Volume |
| 16.8¢ | 17.0¢ | 16.5¢ | $2.881K | 16.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 313 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 20000 | 1 |
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| Last trade - 15.36pm 14/11/2024 (20 minute delay) ? |
| SUM (ASX) Chart |