Less then 1.5 qtrs.
They recently started drilling again at quelon & will be drilling back at Lana Corina/Vista Montana. Cash Burn will be higher. They'd do well to stretch out Q2 without a raise.
Don't see the point of them doing a discounted placement. that is plain stupidity. Unless it's a placement at a premium, but it'd need to be at a 100% premium at a minimum.
Otherwise, they just need to recapitalize. They need a solid $6-$8 mil to properly fund their work program. A 2nd round redemption to deliver some results and to re-rate to valuations that doesn't resemble a shell but instead what they should be worth which is at least $60-80mil.
What they have at Lana Corina is arguably a resemble of Marimacas' Copper Project.
It is very frustrating, but i think if the directors cornerstone the recapitalization it'll send a statement out to the market.
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Last
5.1¢ |
Change
-0.002(3.77%) |
Mkt cap ! $8.433M |
Open | High | Low | Value | Volume |
5.2¢ | 5.2¢ | 5.0¢ | $28.28K | 551.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 470719 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 188679 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 470719 | 0.050 |
2 | 202040 | 0.049 |
3 | 620000 | 0.048 |
3 | 497871 | 0.047 |
2 | 321739 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 188679 | 1 |
0.054 | 82500 | 1 |
0.055 | 1178636 | 3 |
0.056 | 645980 | 3 |
0.057 | 182702 | 2 |
Last trade - 15.38pm 18/07/2024 (20 minute delay) ? |
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