Yip I get how AGM's work, that said, they've on a few occasions either just before or in the following days thrown the punters a significant bone and a lot of the old salts will know from experience we've seen this on a few occasions in the past.
Also, Never say Never Whiskey as if we do end up getting a substantial resource upgrade to say 18-20 years prior to the end of the calendar year, I expect that would be sufficient trigger to justify the outlay for doubling in this market (and the share price would go bonkers in response!)
While it would be pretty ambitious target to say the least, a number of posters have suggested we should be somewhere north of 14 years LOM based on more recent drill results which are not yet incorporated into resource upgrades. I personally am expecting a fairly substantial leap in LOM at the next upgrade which is released and given the amount of drilling they've been doing in recent months and the major advantages the satellites have given them, I don't think a substantial jump before Years end can be ruled out yet.
Regarding getting the circuit completed, sure its compulsory to finish it but its not necessarily essential at this stage to the decision making process to justify further production expansion.
Particularly because the long lag time to actually doubling production, including ordering any additional equipment or making further extensions to the current crushing facility would have significant lead times before they could start or even begin calibration of a second circuit (time enough I suspect to have the first circuit humming away). Even if they continued with a second shift going at it hammer and tongs.
The 3 major factors that will dictate the decision are :
How much resource they think they have in the ground,
How much money they think that resource will be worth in future
How much money they have in the bank to pay for it.
The rest, like the full completion of the current circuit are lesser factors to be considered more in project management timeline.
Anywhoo, as I said, Never say Never! Would make for a hell of a Christmas pressie if it happened.
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Yip I get how AGM's work, that said, they've on a few occasions...
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Last
10.8¢ |
Change
0.008(7.50%) |
Mkt cap ! $214.3M |
Open | High | Low | Value | Volume |
10.5¢ | 10.8¢ | 10.5¢ | $132.5K | 1.262M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 1472638 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 4385473 | 38 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 1472638 | 0.105 |
194 | 11495478 | 0.100 |
7 | 297503 | 0.099 |
11 | 230549 | 0.098 |
8 | 318045 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 4695873 | 41 |
0.115 | 2585038 | 34 |
0.120 | 7555985 | 63 |
0.125 | 5006671 | 59 |
0.130 | 3155147 | 44 |
Last trade - 10.02am 12/11/2024 (20 minute delay) ? |
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