I've been pushing the board to get drill done.
I'm not worry in terms of share price go down. Besides those people cannot wait are short term traders. Even if we drill earlier, they would have sell out anyway.
I'm sort of person like to get things done on time, on budget at minimum cost.
Yes, I want to get things done but not at $1 million per hole like GLN and only see share price tanked.
I do agree with board, we need to budget extremely carefully. Never waste a single dollar, get best value out of everything you do. What I like is BMG virtually paid nothing to acquire this project. They bought at absolutely a bargain. They drive extreme hard bargain and still reluctant to hand over $350,000 cash to JV partner for signed the agreement (still making sure everything is ok).
BMG will spend $400k on 2 holes. GLN done 8 holes, should only cost $1.6 million. GLN raised $4 million recently, raised more from options, yet they are raising several millions at bottom. $4 million should last about 2 years not 4 months. Now they are raising several million. GLN will be back raising another $4 million by November this year.
Wealth minerals paid about USD$20 million just to buy the land (no geophysics, no drill holes).
- Forums
- ASX - By Stock
- Ann: Quarterly Report and Appendix 5B
I've been pushing the board to get drill done.I'm not worry in...
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
-0.002(15.4%) |
Mkt cap ! $6.972M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $1.113K | 93.58K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 5201461 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 1064583 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 3201461 | 0.011 |
3 | 1163475 | 0.010 |
1 | 55555 | 0.009 |
1 | 100000 | 0.008 |
3 | 300000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 1064583 | 2 |
0.014 | 625000 | 3 |
0.015 | 972496 | 5 |
0.016 | 2564456 | 6 |
0.017 | 358681 | 4 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
1.2¢ |
  |
Change
-0.002 ( 7.69 %) |
|||
Open | High | Low | Volume | ||
1.1¢ | 1.2¢ | 1.1¢ | 89752 | ||
Last updated 15.34pm 03/05/2024 ? |
Featured News
BMG (ASX) Chart |