No positive insights & I'm not a holder mate so I'm not down ramping here as there is no reason to do this for me, but based on your concerns here about your investment then I'm happy to share my experience in the market & my views.
I have been watching from day 1 here and own recourse shares in "other" both very successful, & very unsuccessful Co's,
& have been a holder in the resource market as a SH for quite some time.
I'm "no expert" but, & I don't pretend to be, just longevity experience & lots of research so these comments are strictly "IMO".
You become better with time on both wins and failures & research ! "IMO"
What is there to like here but for the current SH I ask ?
I have not seen any "significant results" from this Co, or major intersections here, yet it is frequently mentioned in their reports, nor any indication that there will be significant strikes based on previous results.
"IMO", Its seems suggestion only that other companies have been very successful in the "general area"...
and a lot of chopping and changing also on the type of mineralisation being chased...? gold...lithium. Rare...nickel...
No cash, & then to offers to drillers of shares vs actual funds to drill holes for no significant results again is another "red flag" financial concern " IMO" only.
At the current majorly depressed SP due to poor results "I suggest only"...and in "IMO" only, it would be very difficult to raise further cash for any significant exploration and drilling moving forward from current SH without good current results to go on.
How does this Company attempt to do this to attract a notable investment is the Q's I'd be asking as a SH? possibly at half the current SP or maybe 3c ? i don't think sophisticated inv. will be circling anywhere soon based on current results? "IMO only" but happy to be challenged on my comments.
I'd be drawing attention if you are concerned as a SH to the RSM "Material Uncertainty Related to Going Concern comment" Dec 23 announcement from the independent auditor review report on financials to make a more informed decision "IMO" on "outgoings vs incomings", and "IMO only"I'm not a FA.
Its ok to be low on funds"if" you have reasonable results "IMO" and a positive pathway to increasing the recourse to obtain more cashflow, but not so much if not..."In.My.Exp".
I hope I'm completely wrong at my scepticism to date here and as I said, I'm not a Financial Advisor so I'm just going on what I've seen to date.
I hope for the best, both for the Company & all the SH here though, and I wish you all to have a "major strike !" & this to fund your future exploration for a major SP lift & marketable recourse. GLTAH here.
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Last
10.0¢ |
Change
0.003(3.09%) |
Mkt cap ! $24.04M |
Open | High | Low | Value | Volume |
9.6¢ | 10.0¢ | 9.0¢ | $92.69K | 979.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 884 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 57500 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 884 | 0.097 |
1 | 30000 | 0.092 |
1 | 23420 | 0.090 |
1 | 2246 | 0.089 |
3 | 86000 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 57500 | 3 |
0.105 | 229795 | 2 |
0.110 | 153333 | 4 |
0.115 | 150000 | 2 |
0.120 | 175000 | 3 |
Last trade - 14.47pm 22/07/2025 (20 minute delay) ? |
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