i guess I have a different opinion to yours and that's what makes a market.
You say the company has gone nowhere.
To look at the shareprice as the only indicator of what the company has achieved is incorrect.
Compare the shareprice performance with nearly all of the junior explorers and you will see a very similar and often worse performance.
If you paid over 1$ then it's more a case of investing in this sector at the wrong time. Like myself, it's a case of getting the timing wrong in this sector.
Just last year, the company announced its JORC Resource at Dynasty which was 60% more than the foreign estimate.
They have done a lot of boring ground work at both Dynasty and Linderos which will set the company up.
They were prudent in their spending waiting for the right time to spend on the drilling campaigns with regards to gold, silver and copper sentiment.
Just this year, with the ground work at Linderos the company has been able to attract Gina to enter a JV and they will be free carried with a US$120m to be spent by Gina's subsidiary.
The trenching and groundwork at Dynasty is setting the right targets for drilling with rigs currently on site and with the new funding accelerated drilling to potentially see a 4 or 5m Oz resource upgrade next year.
The company will start drilling at Copper Duke next year with the new funding as well. Personally, I feel the company has navigated a difficult period for junior explorers and have put themselves in a strong position moving forward.
I am a little disappointed we weren't able to raise at 50c and I'm more disappointed that we are sitting at 41c. To be honest, I can't understand who and why people would sell under 44c right now.
With results to start coming through next week from Dynasty and Linderos results to start coming through early next year, I am hopeful that we have upside to come and those selling may have regrets in the long run.
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Last
39.0¢ |
Change
0.015(4.00%) |
Mkt cap ! $101.6M |
Open | High | Low | Value | Volume |
38.5¢ | 41.0¢ | 38.0¢ | $725.9K | 1.831M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5000 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 44469 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5000 | 0.370 |
2 | 7600 | 0.360 |
1 | 20000 | 0.355 |
3 | 33000 | 0.350 |
2 | 6030 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 44469 | 3 |
0.405 | 1349 | 1 |
0.410 | 15000 | 1 |
0.415 | 900 | 1 |
0.420 | 130000 | 4 |
Last trade - 15.58pm 13/06/2025 (20 minute delay) ? |
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