Lex,
I believe Trinity did us in by recommending we pay $8M for some dud licenses. Last time I checked, some of our directors are involved in Trinity.
this management team spent a large portion of the recent drilling campaign on targets that were already drilled and confirmed as coal zones. Then they spent more money modelling Teeg that was already modelled. The modelling returned the same result is you take into account the adjusted cut offs. They probably contracted one of their mates for that work.
The SP is the lowest its ever been so I can only blame the current management for their lack of activity.
Good luck with drg but you will see heavy dilution before any upside. Shareholders wealth has been distroyed along with some credibility so its going to be ahead.
market cap = 1/2 of cash, page-7
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Last
$1.86 |
Change
0.020(1.09%) |
Mkt cap ! $2.183B | |||
| Open | High | Low | Value | Volume |
| $1.83 | $1.87 | $1.81 | $17.46M | 9.485M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 98417 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 19256 | 2 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| BGL (ASX) Chart |