Loans need cash flow to repay them.
Loan interest will eat away at everybodies holding.
250 square km's of dirt is worth nothing to a bank or other lender as way of security.
Essentially the holders here are the lenders and don't expect any repayments unless a resource is found.
Then we expect dividends or re-investment to build our assets in repayment for interest free loan.
1-1.5 billion shares on offer in a penny stock is more than normal these days. Wait till we get 2-2.5 billion then maybe start talking about consolidations buy backs etc.
I'd rather no debt right now as if a second wave of world uncertainty hits the first to go south are debt ridden companies.
The sooner we get something/anything to cash flow then other avenues and options will arise such as off-takes etc
But have to have to have to get to a position of cash IN-flow.
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Loans need cash flow to repay them.Loan interest will eat away...
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Last
5.0¢ |
Change
0.001(2.04%) |
Mkt cap ! $37.00M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 5.0¢ | $14.33K | 286.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 333765 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 120916 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 333765 | 0.049 |
3 | 50520 | 0.048 |
1 | 212787 | 0.047 |
1 | 232581 | 0.043 |
1 | 175000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 120916 | 1 |
0.054 | 96556 | 1 |
0.056 | 19995 | 1 |
0.058 | 172431 | 1 |
0.060 | 112209 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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