Surely there would have been an announcement to the market if the labor force were laid off? But probably not.
They have no cash available to pay for a labor force so I would think they have been laid off maybe temporarily until funding is secured. Who knows, this company doesn't tell you too much regarding whats going on.
It's a bit of a hard situation the company is in. The ground they are working is not really good for drilling ie drilling doesn't give sureity as to what is in the ground. The old nuggety effect ie you need to mine and mill to know what's really down there. Very hit and miss stuff. Drilling can be an expensuive waste of time. If/when they come out of suspension and start up again will the go back to explorer, or will they cotinue with mining and milling.
Who knows. Maybe come August we'll find out.
A lot of unknowns.
Busting
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.422M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 60000 | 1 |
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| Last trade - 16.21pm 15/07/2025 (20 minute delay) ? |
| MCO (ASX) Chart |
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