NichB: To further your comments regarding the building of a resource. One metric I watch closely is the resouce on a per share basis. Right now we have 1,4 M divided by 435 M shares out. More than a year ago we had 900,000 and about 275 M shares out. Management basically spinning their wheels adding resources on a per share basis.
Not really surprising given the number of options exersised over the last year and the low grade nature of the deposit.
IMHO Management would want you to believe they are doing a great job on the path to Production. (ie PFS and by default financing).
Blind ambition to only 1 option is not my idea of good stewardship. Our strength is in our land base. Our weakness is being able to fully exploit it by ourselves given the current price environment.
What's the point of a preducer if it has 1.2 B shares out?
NichB: To further your comments regarding the building of a...
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Last
$1.14 |
Change
0.050(4.59%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $13.39M | 11.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 380096 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 204419 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |