Had a think about this… IMO it’s a show of confidence.
Cobar style deposits are deep (drilling costs add up) and they’re bringing in a DD rig (or maybe 2). 10M might get ~25 holes, considering all in costs.
Raise now while it’s hot, de-risk the entire project & do some serious exploration. AGC just proved this belt contains high grade mineralisation - get funds, fly aerial EM along the entire belt (generate a heap of regional targets). Multiple DD rigs @ Achilles, then push exploration regionally. This all costs money, but IMO drives the potential higher.
Ann: Trading Halt, page-30
Add AGC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.5¢ |
Change
-0.010(2.82%) |
Mkt cap ! $88.52M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.5¢ | 34.0¢ | $116.9K | 333.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101999 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 10300 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| AGC (ASX) Chart |