Pausing all operations would come with its own problems. A slow drain of cash, combined with no possible excitement on the horizon to generate buying demand, so an imbalance towards sellers and a falling SP. Then no progress towards the company's goals of PFS, BFS, production, so a lot of dilution would happen later at a low SP when they decide to resume operations, and they'd be a long time behind schedule and having to re-hire.
Currently: Gold is high, even if high interest rates are driving down valuations of explorers. I think it's necessary to progress towards their goals, so just deciding between US raising or ASX raising (so we can keep drilling at a good pace for PFS). If we're going to be diluted in either case, then I prefer the ASX case so I can participate and offset my dilution. But I expect management see some side benefits from a US listing - better odds of receiving a grant, or better odds of favourable funding for BFS/construction, or better odds of a partnership/acquisition etc.
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15.5¢ |
Change
0.010(6.90%) |
Mkt cap ! $42.15M |
Open | High | Low | Value | Volume |
15.0¢ | 16.0¢ | 14.5¢ | $107.5K | 703.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 97305 | 15.5¢ |
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Price($) | Vol. | No. |
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16.0¢ | 161967 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 87305 | 0.155 |
6 | 319938 | 0.150 |
6 | 142874 | 0.145 |
6 | 180027 | 0.140 |
4 | 330248 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 150000 | 1 |
0.170 | 18380 | 2 |
0.175 | 33857 | 4 |
0.180 | 117642 | 1 |
0.190 | 33340 | 2 |
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