Expensive drilling plus cost of being a significant claims holder in the Fairbanks district, plus large option payments to project vendors etc. The initial IPO $10m was gone in 12mths for 14,000m's of drilling. Last year they raised ~$3.5m. Currently drawing a loan. Clearly the strategy is not sustainable.
Expensive drilling plus cost of being a significant claims...
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Last
5.0¢ |
Change
0.002(4.17%) |
Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.4¢ | 5.0¢ | $45.26K | 874.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72000 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 223019 | 1 |
View Market Depth
| Last trade - 15.52pm 17/06/2024 (20 minute delay) ? |
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Last
5.1¢ |
Change
0.002 ( 6.25 %) |
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| Open | High | Low | Volume | ||
| 5.3¢ | 5.3¢ | 5.1¢ | 62516 | ||
| Last updated 14.18pm 17/06/2024 ? | |||||
| FXG (ASX) Chart |
