Was reading the Australian and they mention that a new listing had to be withdrawn because of lack of interest . They were a coal company who had three tenements in Mongolia.
Notice that Mongolia company akm share price is way down . GUl is about to start producing in Mongolia and there share price is way down .
Drg has 75 million jorc with 25 to 100 million possible . Share price is a joke . Even if the coal was worth only 40 dollars a tonne you would have an asset of 4 billion based on 100 million resource and a share price of half a cent in the old money .
When the market turns these companies will roar back . Small sales volume indicates that only the desperate are selling .
market way down
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Last
$1.17 |
Change
-0.010(0.85%) |
Mkt cap ! $1.497B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.18 | $1.14 | $12.57M | 10.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 121570 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 231940 | 41 |
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| Last trade - 14.56pm 04/09/2024 (20 minute delay) ? |
| BGL (ASX) Chart |