I see this stock turning around big time imo.
Even though the manganese resource is world class the market doesn't seem too interested in it and that is not management's fault it is the market we are in. It wants gold and copper!
If they can get some cash and shares that will set them up for a few years to explore for the copper and get the gold into production then the market will re-rate them significantly imo.
Gold project has an in-ground value of over $80m and is shallow being from surface so should be a fairly easy open cut operation.
They have had some real sniffs of copper in recent drilling so being where they are at in the Bryah Basin they should be able to form up some really nice targets! Plenty of copper hits and mines all around them!
Chart looks set for a big move also.
Ann: Trading Halt, page-16
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.013M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $15.53K | 3.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 5974470 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4247357 | 9 |
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| Last trade - 14.06pm 07/10/2024 (20 minute delay) ? |
| BYH (ASX) Chart |