And so the struggle for credit starts to ramp up.
CQT is sitting on a massive gold silver deposit but needs lots of cash to develop it. getting cash to develop it will be hard.
NQM is a gold producer with cash coming in. Hmmm cash!!!!
So where does this place AAM on the spectrum of things. Once AAM announce a MAIDEN PROFIT for a quarter (or even dare I say this financial year - unlikely though) I suspect those companies with idle cash and credit requirements will become interested in AAM.
If you can't get cash from the banks then I guess you will need to get it from other sources! A cash flow positive gold miner is a source that comes to mind.
GC
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Last
4.9¢ |
Change
-0.003(5.77%) |
Mkt cap ! $26.81M |
Open | High | Low | Value | Volume |
5.2¢ | 5.2¢ | 4.9¢ | $35.15K | 695.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37000 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 52347 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37000 | 0.046 |
2 | 400000 | 0.045 |
1 | 35000 | 0.038 |
1 | 43521 | 0.023 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 52347 | 1 |
0.049 | 29267 | 1 |
0.051 | 20700 | 1 |
0.052 | 560302 | 1 |
0.055 | 381388 | 5 |
Last trade - 12.15pm 25/07/2024 (20 minute delay) ? |
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AAM (ASX) Chart |