FGR has had to overcome a number of obstacles along the path to achieving this status. As is usual, with the development of new underground mines, there is always a learning curve to be experienced with respect to ground conditions. This requires a degree of flexibility and sometimes innovation before the mining methods, techniques and equipment utilised are optimised. In addition, it has taken time to select and train the local workforce to meet the standards of productivity and safety which are required to achieve the high standards set by the Company. Directors are aware this has taken longer than intended, so it thanks the shareholders for their understanding and patience. The Company is continuing with the advancement of the drives towards additional ore positions and the opening up of a number of production lines which will be necessary for the scheduling of continuous production. Shareholders should expect mine production will increase over an extended period as the ramp-up phase gathers momentum.
Ramp-up and gathering momentum, after directors admitting this has taken a little longer than intended, very low M/Cap, looking for serious investors to start entering in the short term.
DYOR.
GLTAH.
Thanks Champee.
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Last
3.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.77M |
Open | High | Low | Value | Volume |
3.2¢ | 3.4¢ | 3.1¢ | $4.268K | 136.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 140393 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 2557 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 140393 | 0.031 |
4 | 533300 | 0.030 |
1 | 25000 | 0.025 |
2 | 72394 | 0.023 |
1 | 118000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 2557 | 1 |
0.035 | 320099 | 4 |
0.038 | 43162 | 1 |
0.039 | 20000 | 1 |
0.040 | 172159 | 1 |
Last trade - 13.53pm 19/11/2024 (20 minute delay) ? |
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FGR (ASX) Chart |