With an “unknown” ultimate resource size it is best to keep drilling whilst you have success, create a moving target so potential aggressive takeovers companies can’t define an ultimate value and continual drilling success will drive the MC up. If they define an inferred resource as expected , also expect lots of drilling with good hits not included so as to create extra uncertainty.
Lets do some friendly bets on the Arrival of the next Ann, page-215
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Last
$1.23 |
Change
-0.015(1.21%) |
Mkt cap ! $2.935B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.25 | $1.22 | $6.760M | 5.505M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7894 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 238325 | 2 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |