Pro's
Gold explorer transitioning into gold producer
Trial Mine up and running
Grades said to be consistent with expectations
Money in the bank and an income stream evolving
Cons
Price falling
Consistent leaking of shares into the market
I know the gold price has taken a hammering, but wouldn't this be a worry to the bottom line of already producing gold companies rather than evolving ones? And given the expectations this mine site has elicited, is it logical to sell out on the cusp of realising its potential.
Is it possible that the trial mining is not all it was expected to be and someone or something in the know is getting out on the quiet?
Just a thought, not sure what to make of the last couple of weeks of trading.
Pro'sGold explorer transitioning into gold producerTrial Mine up...
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Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $5.294M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $1.388K | 556.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 23213615 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 16131856 | 20 |
View Market Depth
| Last trade - 14.02pm 26/07/2024 (20 minute delay) ? |
| PRX (ASX) Chart |