He does not have too. Read between the lines below from the company statement what's happened to the A1 mine.
"The A1 Gold Mine is the longest operating gold mine inAustralia, with over 160 years of production. This is an exciting time at theA1, with the decline is now just 30m above the lowest historical level accessedvia the shaft and, for the first time in 40 years, nearing virgin ground.As the mine moves away from remnant ore, it will enable a stepchange to the operation and Company."
Just my personal opinion and you make up your own mind what this all means as I am changing my sentiment which originally was a buy to a hold so as to read this outcome today and now to a sell. I prefer to now sit on the sidelines for now and watch the outcome in the near term.
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16.5¢ |
Change
-0.010(5.71%) |
Mkt cap ! $33.73M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.5¢ | $17.52K | 106.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 269982 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 16626 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 269982 | 0.160 |
1 | 100000 | 0.155 |
1 | 33333 | 0.150 |
1 | 69165 | 0.115 |
1 | 20000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 16626 | 1 |
0.175 | 32781 | 1 |
0.180 | 10858 | 1 |
0.185 | 50000 | 1 |
0.190 | 51688 | 2 |
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