If the share price reaches 40c before the end of November without any buybacks then the shorts will be forced to cover at some point. The gold price seems to have hit the buffers at $1800 hopefully. I am inclined to the view that the Company should bed down Abujar , increase throughput, complete a "proper" study on the heap leach potential and move ahead with that in early 2025 if that looks compelling. Having cheap and reliable hydro power together with very soft ore certainly helps. Certain Canadian companies are capable of heap leaching 0.4 g/t ore as a result of cheap hydro power.
- Forums
- ASX - By Stock
- Buyback 10 million shares a month
If the share price reaches 40c before the end of November...
-
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TIE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online