they may have enough to drill 4 holes to test the new model. if their model is correct then 4 holes should be enough to at least double the SP as at least two will return strong results. Then do CR.
Risky but probably worth the effort as SP is in the sewer (swimming with ALK and ASM) anyway and any CR now would hurt as much as it would if the drilling is not successful. CR at 3c or 4c will not matter... value will be destroyed via big dilution anyway.
in absence of JV opp.
just my take.
they may have enough to drill 4 holes to test the new model. if...
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Last
8.4¢ |
Change
-0.001(1.18%) |
Mkt cap ! $32.43M | |||
| Open | High | Low | Value | Volume |
| 8.6¢ | 8.6¢ | 8.3¢ | $21.59K | 254.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18000 | 8.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 36658 | 2 |
View Market Depth
| Last trade - 11.18am 27/05/2024 (20 minute delay) ? |
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Last
8.5¢ |
Change
-0.001 ( 5.20 %) |
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| Open | High | Low | Volume | ||
| 8.5¢ | 8.5¢ | 8.4¢ | 64838 | ||
| Last updated 11.25am 27/05/2024 ? | |||||
| MAG (ASX) Chart |