So, basically, MAR has up until the end of this week to officially announce it is a gold producer at Lorena, otherwise, it may be in trouble financially, when it releases the quarterly in April.
It might want to also announce that it is selling gold on the market, too.
It only has $61,000 left.
MAR has declared that it will cost $1000 (I assume AUD) to produce an ounce of gold after costs etc. Currently, the price of gold is ~$1750 AUD. So a tidy margin of $750 per ounce.
Otherwise, the hat will be going around in some capacity - convertible note or CR/SPP.
So, basically, MAR has up until the end of this week to...
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.783M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22954 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 64000 | 1 |
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| Last trade - 16.12pm 11/07/2024 (20 minute delay) ? |
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