I thought about that as well for a while !! Mind you I think they did the responsible thing. They have expertise in bauxite, and they are a very long way off determining if this type of rare earth deposit will be able to be a profitable, commercial venture for The Company and it's shareholders. The price per tonne of this type of rare earth sells for a very handsome price, but they don't know how much they have yet .... nor the total costs to mine.
So in summary, I think it was responsible for ABX to let the market know they have found some rare earths, and yhat they intend to investigate the potential profitability. I also think it was responsible not to mark the latest Ann as price sensitive... they have a vast amount of work to do before they decide if they will proceed to mine. In this case, I would hope the Company takes the time to scrutinize and completely understand the rare earths market first. A caveat before they proceed to mine this time, should be to lock in watertight forward dated sales contracts. They have been screwed before on bauxite deals so this is a key milestone to enter this new market IMO.
GLTH
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Last
4.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.75M |
Open | High | Low | Value | Volume |
4.6¢ | 4.7¢ | 4.6¢ | $3.289K | 70.98K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 162733 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 72873 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 109 | 0.046 |
1 | 125000 | 0.045 |
1 | 46163 | 0.043 |
2 | 165000 | 0.041 |
1 | 240000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 72873 | 1 |
0.050 | 202117 | 2 |
0.051 | 10000 | 1 |
0.052 | 23388 | 2 |
0.056 | 82700 | 1 |
Last trade - 15.43pm 28/06/2024 (20 minute delay) ? |
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