I haven't been able to fault management, so the fact the share price showed a 42% increase since the 14/10 implies to me there is a leaky ship of good news. A capital raise would be nonsensical at this stage as the September quarterly showed they have funds for the next 3.72 years. I would be surprised if this was just to shore up a higher cash burn. I tend to agree with others it will be either an acquisition or a debt reducing proposition to expose the company to an even higher Gold price, makes very good business sense!!
Interesting times!
GLTAH
DYOR
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $440.2M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 61970 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 322963 | 5 |
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| Last trade - 15.12pm 18/06/2025 (20 minute delay) ? |
| MEK (ASX) Chart |
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