Relative to market cap and cash in bank, an acceptable cash burn for corporate/employment costs.
100m of cash for an explorer is exceptional and gives this stock such a great buffer to just continue proving up their deposit without worry for the next round of financing.
Great job by management in the recent raising, they are now in the position to define a resource and sell it on or to take their time through any market turbulence and build a mine if big hands are not willing to pay higher than the low current $/oz market rate.
Ann: Quarterly Cash Flows Report - September 2020, page-2
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Last
$1.39 |
Change
0.045(3.36%) |
Mkt cap ! $3.319B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.41 | $1.35 | $14.07M | 10.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55057 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 6000 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| DEG (ASX) Chart |