I assume the cap raise comment is directed at myself, and speaking for myself I have no motive, and my comments were broadly positive. As you can see I am a holder here, and I hold because I like the land they hold. As such I am very keen to see we are picking up pace going into this quarter, with 3 drill programs, as opposed to the 1 we have had in the previous 9 months (probably slowed down by both COVID and land access).
I can't wait to see the results, more drilling means more chances for high quality news flow and share appreciation. Yes, it also means higher spend and quicker cash burn, but I do not say this as a negative thing. It is the sole purpose of an exploration company to spend money exploring, and then raise more money to explore the most promising areas more deeply. I don't mean an imminent cap raise, but I know one is inevitable, probably around this time next year, and with luck at a much higher share price.
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GRL
godolphin resources limited
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.386M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 328333 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 328333 | 0.011 |
10 | 4172804 | 0.010 |
8 | 3207115 | 0.009 |
5 | 912624 | 0.008 |
8 | 2314513 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 200000 | 1 |
0.013 | 428154 | 2 |
0.014 | 990432 | 6 |
0.015 | 386070 | 3 |
0.016 | 380000 | 3 |
Last trade - 16.21pm 31/07/2025 (20 minute delay) ? |
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GRL (ASX) Chart |
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