Nice post mate! I would say to look back at the announcement in 2022 that shows recoveries etc 94% for the gold from memory.
The 2nd point I don't think is an issue and they did pay down the debt via the last placement.
3rd yes I think this is the main one but with the 2 mines there currently the infrastructure is good - in a different gold sentiment market that 165M capex will look like peanuts IMO
Resource already 1.62M ounces with 600k being in reverse at a great grade and lots of easy pickings to bump that over 2M once capital becomes available.
If they can sort out some non dilutive finance to do a bit more drilling and give the market confidence I think this will change the stock completely.
it's also worth noting the tight capital structure, it's a disaster on the way down like it has been but a god send on the way up!
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Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $14.76M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.8¢ | $35.80K | 743.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 72340 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 79691 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 72340 | 0.047 |
1 | 250000 | 0.046 |
3 | 174389 | 0.045 |
2 | 33366 | 0.030 |
3 | 200000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 79691 | 1 |
0.052 | 297209 | 2 |
0.055 | 63518 | 2 |
0.059 | 37273 | 1 |
0.060 | 9000 | 1 |
Last trade - 15.42pm 07/06/2024 (20 minute delay) ? |
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Last
4.8¢ |
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Change
-0.002 ( 2.04 %) |
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Open | High | Low | Volume | ||
4.8¢ | 4.9¢ | 4.8¢ | 121410 | ||
Last updated 15.41pm 07/06/2024 ? |
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MM8 (ASX) Chart |