the problem is that MYG does not have much cash to fund these drill programs.
Repayment of debt and admin expenditure will be on top of the list.
This is already evidenced by AJTRADER confirming that MYG has delayed their drill programs and conserving cash. There is no catalyst unless finance is in the bag.
The wise would be moving money to goldies with sufficient cash to last a year till gold rebounds.
the problem is that MYG does not have much cash to fund these...
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Last
74.0¢ |
Change
0.010(1.37%) |
Mkt cap ! $67.68M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 75.5¢ | 73.5¢ | $7.069K | 9.552K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11948 | 73.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.0¢ | 3672 | 1 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| MYG (ASX) Chart |