The recent run up of SP is not that difficult to understand if you've been following the ASX reports.
The company has just consolidated it's portfolio of assets by selling off Gold Links which had a higher cash burn than anticipated, for an all in price if you take debt facility transfer to MW into consideration of approx A$29M. They can also bring forward the performance payments for a slight reduction if they choose, maybe to fund further Collosseum drilling.
On ASX Ann 6/6/22 MD Stephen Baghdadi said of hole CM 22-05
"100 metres of 4.16g/t Au is a great result and is amplified by the fact that the highgrade sedimentary breccia unit returned results that prove the continued grade at depth. Historic drill logs state that the sedimentary breccia unit is still present over 600m below the bottom of drill hole CM22-05 and is open at depth"
We know that current drilling has commenced a while ago to test extensions outside the existing Jorc measured shell/Model with management 'encouraged' by visuals with assay results due any time soon.
Then there's the REE potential to come as well.
If we see anything similar or better than the 100.6m @ 4.16 g/t Au, I would expect the SP to light up, so no the run up in SP is probably a result of positive sentiment and drilling expectations , not cynical conspiracist theories.
- Forums
- ASX - By Stock
- Ann: Sale of Gold Links Colorado
The recent run up of SP is not that difficult to understand if...
-
- There are more pages in this discussion • 6 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 DTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.72M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $6.64K | 1.121M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 8782205 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 3432458 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 8382205 | 0.005 |
15 | 12093948 | 0.004 |
4 | 8150000 | 0.003 |
4 | 2300001 | 0.002 |
2 | 3000001 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 3432458 | 3 |
0.007 | 9964000 | 5 |
0.008 | 3841345 | 7 |
0.009 | 5676671 | 6 |
0.010 | 3299995 | 4 |
Last trade - 15.20pm 30/08/2024 (20 minute delay) ? |
Featured News
DTR (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online