Did they close it out though? I thought they simply fulfilled it via production? Either way the upside exposure of 2900 prices for a month or two is decent kick.
shares on issue I still don't think is an issue . It's total profit and value per share that's more important than an arbitrary share price number bar the reasons provided above about smaller share prices moving the dial more.
the biggee issue as others pointed out is a lack of long life reserves to mine. At the moment they're jumping from one short term gig to another sure it's profitable but if they ever want to make it to mid tier status they neeed a game changing resource that they can bedrock sit at and mine.
a consolidation or friendly merger with someone nearby would be beneficial imho to achieve that.
Ann: March 2023 Quarterly Activities Report, page-129
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