They need to demonstrate that Macphersans is actually going to make money. No doubt costs will be substantially higher with that haulage and will the ore perform as well through the processing plant, who knows? The market prices us as such.
That ore from Lady Ida is the game changer, and management (who are heavily invested) know this. Everything else in the meantime is just keeping the plant ticking over.
Unless management put forward a detailed mine plan in an investor presentation this will only move forward if euphoria hits gold stocks, which could well happen.
Either way, I'm not selling this at a loss given current gold prices.
Pretz
They need to demonstrate that Macphersans is actually going to...
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Last
2.9¢ |
Change
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Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.9¢ | $2.605K | 89.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 69999 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 4175055 | 12 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 2.9¢ | 2.9¢ | 2.9¢ | 20000 | ||
| Last updated 15.16pm 03/05/2024 ? | |||||
| BCN (ASX) Chart |