Read the first part of your post, enough cash on hand to pay salaries for 24 - 36 months.
What a terrible position to be in...
Like any mining company on the ASX, correct they need to firm up a resource no different to any other miner.
The problem is as of today the MC = Current Cash + EV. It doesn't factor in the cash position in 3 years time.
GLTAH
Ann: Shares coming out of escrow, page-193
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $14.24M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.0¢ | $14.65K | 85.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 45047 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 40000 | 1 |
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| Last trade - 15.44pm 15/11/2024 (20 minute delay) ? |
| SUM (ASX) Chart |