I think that it takes GREAT grades to make a "many small producing mines" business model work. Ticked.
It takes GREAT management to make anything work (check their CVs). Ticked.
It takes synergies to lower AISC, meaning mill capacity and travel distance to the mill. Ticked(?).
And, everything takes CASH. Ticked.
Today's news is positive -- grades are Bonanza! However, I think the sp's muted response is a function of usual trader's actions, crystallize today's profits (though with the today's volume maybe not), and; seasonal tax selling.
Regardless on how one cut's it FCF is king.
OV
I think that it takes GREAT grades to make a "many small...
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Last
5.6¢ |
Change
0.002(3.70%) |
Mkt cap ! $30.50M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.6¢ | 5.4¢ | $9.371K | 171.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13070 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 47000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
5.5¢ |
Change
0.002 ( 3.77 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.5¢ | 5.4¢ | 36500 | ||
| Last updated 12.32pm 16/05/2024 ? | |||||
| ERM (ASX) Chart |