It was inevitable that they were going to have to make a call on Livingstone at some point - good enough grades to keep them going back for a bit more, but not high grade enough or thick enough intersections to ever really excite the market.
Retaining a 25% interest probably the right call. The project is more suited to a smaller, boutique-style explorer anyway. Cash on hand end of last quarter was $11M, so not desperate for cash by any means and corporate overheads are generally low.
The $2.5M top-up definitely most welcome though, looks like we'll be sprinting to the DFS finish line early next year at this rate.
It was inevitable that they were going to have to make a call on...
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Last
8.4¢ |
Change
0.005(6.33%) |
Mkt cap ! $57.26M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 8.4¢ | 8.1¢ | $61.39K | 754.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 142478 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 120504 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
Change
0.005 ( 3.80 %) |
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| Open | High | Low | Volume | ||
| 8.1¢ | 8.2¢ | 8.1¢ | 191402 | ||
| Last updated 15.20pm 31/05/2024 ? | |||||
| KSN (ASX) Chart |