History shows how this company runs on positive news. At this point starting from a 6.5 million market cap with 3.5 million in exploration funding available..
"Nomad ProspectThe company has commissioned two geophysical surveys scheduled to commence in June at the Nomadprospect (refer to ASX announcement dated 24 May 2023) to support planned air-core and RC drilling expectedto commence late July subject to statutory approvals"
I guess the question has to be asked.. what is the company worth during an active drilling campaign..
6.5c mc- 12m
8.5c mc- 18m
both very achievable targets in my opinion..
SOI only 191m shares
I don't like to put too much spin in my comments..
don't own a crystal ball.. cannot predict the future
BUT.. if the drilling results are positive..
30m market cap is 16c
Chart, page-95
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1.1¢ |
Change
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Mkt cap ! $3.073M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $6.11K | 550.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1299429 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1263365 | 4 |
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| Last trade - 15.58pm 10/10/2024 (20 minute delay) ? |
| GSM (ASX) Chart |