Is this sleeper about to awaken?
Involvement in three QLD explorers (Red Fox, Auburn and Prophet) each with successful management history, prospective granted drill-ready tenements. Now QLD Govt funding announced for Red Fox drilling - i.e. supportive of quality company management and projects.
Deals are all based on success and increasing CML's equity - yes, CML spends money in the ground at risk, but no fleecing on the way in.
The new 100% CML applications in QLD and NT with respected geoscientist Neil Wilkins signing off as CP on the ASX announcements also indicates to me a new depth of technical knowledge within CML to assist Leon after Martin Kavanagh's death in Nov 2020 left a void.
Quebec seems to be waiting for a new home?
Torrington appears dependent on third party financing for the topaz fibre commercialization.
Personally at a market cap of around $6.5M and around $2.3M cash = enterprise value of about $4M, it will take very little to double or more in value on any positive drilling news and that seems to be possible before mid-year from several projects.
I am a long-term holder and remain a supporter.
Enjoy the weekend.
Is this sleeper about to awaken?Involvement in three QLD...
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Mkt cap ! $4.546M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $36.53K | 9.132M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 4741905 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.4¢ | 1313942 | 1 |
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| Last trade - 14.48pm 26/04/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 90250 | ||
| Last updated 11.54am 26/04/2024 ? | |||||
| GCM (ASX) Chart |