The big question no - how high will this go?
Shandong bought in at the equivalent of $2.50 and one would assume that they knew the mess that they were inheriting. The cost of doing business in WA has since fallen through the floor, the gold price is higher and they have made some solid discoveries.
I think it's more than capable of getting back there but needs a few ducks in a row, being:
- significant exploration success, particularly if they can define a high tonnage deposit at Laverton
-resource/reserves announcement(s)
- news of a planned restart
-a planned restart
Another way would be to take over a producing operation. Not sure what's out there but a rising share price certainly makes us look better on a script basis, and would also give us liquidity.
The big question no - how high will this go? Shandong bought in...
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Last
12.5¢ |
Change
-0.010(7.41%) |
Mkt cap ! $35.81M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $7.143K | 57.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 165050 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 90000 | 1 |
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| Last trade - 10.26am 30/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |