Even though we are down, and keep going down the only realy volume appears around 10c. Of course that changes on a dime once buying volume arises but the buy side is more stacked at these lower numbers - so people know and want more at a bargain. They will step up at some time potentially.
We are valued higher than 53m MC, but i just reminded myself every thread on every company says the same....so cancel that lol.
My only conclusion to the issue facing us is simply other goldies are making greater progress to production than we are, and thats wherer the money goes. I reckon its that simple.
And to be fair, we are probably looking at 8-12 months to mine ironbark, if we last that long before a TO. Patto has mentioned that exact statement in almost every interview hes done the last 6 months+. On balance hes hired some part time mining people and a scoping study in June to hopefully bump the price up (and takeover interest?)
when you get free shares (BOD) your payback is 100% no matter the takeover price, and the fastest/easiest way to sell director shares
when you pay for your shares your payback on a say 30% premium takeover can be very small, or even a loss. In a Gold Boom like this who wants just 30%?
Kinda makes you wonder what the real game plan is for GBRs BOD....
Even though we are down, and keep going down the only realy...
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