Anything is possible , the company has not let out any new info on what is happening at the mine , we do know grade and possibly tonnage were below expectations initially hence the sp halving , but just as one swallow does not mean spring has come , is it worth halving a company's cap because the first 3 months of a mine's 6 year mine life did not perform to expectation ?
Unless the company states it can not hit 25K ounces for the December quarter I am happy to hold at these prices .
I do feel the contractor could have been better prepared for mining , and it is partly due to the lack of preparation by them, plus presumably a lack of coordination with the grade control drilling team that the sp has been hammered , hopefully they can coordinate better going forward .
There now looks to be evidence of lodes running North of Gilbeys if further high grade ore is hit then I would not want to be a shorter of this .
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$1.31 |
Change
-0.020(1.51%) |
Mkt cap ! $1.452B |
Open | High | Low | Value | Volume |
$1.34 | $1.36 | $1.30 | $1.499M | 1.142M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 33755 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 20339 | 12 |
View Market Depth
No. | Vol. | Price($) |
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5 | 8902 | 1.300 |
10 | 25990 | 1.295 |
18 | 137779 | 1.290 |
9 | 132742 | 1.285 |
16 | 88393 | 1.280 |
Price($) | Vol. | No. |
---|---|---|
1.305 | 24498 | 15 |
1.310 | 52137 | 10 |
1.315 | 21096 | 13 |
1.320 | 59479 | 9 |
1.325 | 1164 | 1 |
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