Yep, absolutely no reason to pay the extra 1.5 million next stage buy in for 70% of the tenement with those disappointing results.
Plenty of cash left, seen plenty of stocks dig there way out of this position before.
Let's see what bumper acquisition the new Chairman can come up with. Let's hope it doesn't take all year for that to happen.
Look at the ESR chart for example of how a stock can turn around.
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.443M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $550 | 550K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 58315971 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 91977792 | 56 |
View Market Depth
| Last trade - 10.04am 13/06/2025 (20 minute delay) ? |
| LNR (ASX) Chart |