Its a distraction to the other projects, how could LGM afford to progress the holding with the drilling cobar type deposits require (deep and expensive vs comparatively shallow and cheap epithermal drilling)?
I cant say id like to dilute my holding to advance cobar. Farmout or cash+nsr offload provides exposure without capital being tied up or put at risk.
Im always wearing of small caps targeting expensive to delineate and mine deposit types (Cobar type, porphyry, IOCG). More than happy for Magmatic to prove me wrong on this
Ann: Sale of non-core Mulholland Project to Karawara Minerals, page-6
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Mkt cap ! $26.36M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 25.0¢ | $3.025K | 12.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33000 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 67377 | 1 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 25.5¢ | 25.5¢ | 25.5¢ | 1568 | ||
| Last updated 14.37pm 07/06/2024 ? | |||||
| LGM (ASX) Chart |