Grebmoolb,
only options left belong to ex board members.
Expenses could be a bit as they had to pay out all three old board members.
Triinity has to pay share of 1 think 10 or 15% of all current expenses on project for the part they had to pay, I feel that this will be via what new board members draw out of the company as "salaries" just my thoughts...
Until they look seriously on areas close to boarder nothing major will come out and that will be summer during the "sell in May" period given the significant upswing on the ASX...
Plus some licences will come up for renewal in obout 2 years and given issues on closeness to inviromental areas may not be renewed as the licences were granted prior to these laws (refer prospectus issued when company became DRG for the full details)...
Still will see what has happened in next quartly for some indication as to where this company is going but given no independance between DRG and Trinity given board control I will stay extremely cautious
current coal stocks, page-13
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Last
$1.83 |
Change
0.025(1.39%) |
Mkt cap ! $2.148B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.84 | $1.79 | $9.869M | 5.426M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 550667 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 111009 | 4 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |