Its definitely worth a punt a these levels. $14.5 million market cap, with approximately $6.5-7 million to spend on drilling (approx. cash - $4m, options - $678k, geodrill deal - $2.7m). Market basically viewing this as a complete shell now. I largely put down the underperformance to the sentiment around gold explorers, but also the share register and large retail holding (think its up there at about 65%, which is pretty high). MKG needs to seek some decent institutional invertors and get some sticky HNW investors. I suspect it is only a matter of time. Id be interested to know how he discussions with institutions have been going. What are they looking to see etc.
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Its definitely worth a punt a these levels. $14.5 million market...
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Last
1.0¢ |
Change
0.001(5.56%) |
Mkt cap ! $9.272M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $190 | 20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 3007211 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 521727 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 2907211 | 0.009 |
15 | 2578913 | 0.008 |
7 | 2978500 | 0.007 |
3 | 899950 | 0.006 |
2 | 500000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 521727 | 3 |
0.011 | 2495551 | 6 |
0.012 | 2336445 | 5 |
0.013 | 1873030 | 6 |
0.014 | 1576285 | 8 |
Last trade - 10.45am 16/08/2024 (20 minute delay) ? |
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