2 mil cash on hand, cheap director fees 16k for the 1/4
Hantails looks like a shit show as no material information released ie, assays from sonic drills so looks like a dud to me.
Drilling at Forio complete and Tollu, some nice grades but vein hosted so a bit choppy. approx 1300M drilled to date? of 5000m program.
Musgrave is hard country and this property is in the middle of B F nowhere, so hard to get a drill rig and crew plus support equipment out there to operate, fuel supplies etc water supplies make it an unattractive proposition for a small drill company.
MC of approx 6mil at .009 and an EV of 4mil makes this a good trade in the right market conditions, but rightnow with the lack of drilling momentum and not much heart shown by management to progress + lack of transperancy on Hantails i see this potentially going lower to .006-.008c in current market
all in my opinion of coarse. will wait and see before adding below 1c
I expect to see management have a crack and arrange for 2 x drill rigs and crews to get their asses out there and swiss cheese the joint if its taken 12 months to secure 1 rig then why not go all in and double or nothing?
GLAH
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.702M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $7.138K | 1.784M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 30249999 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 10374266 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 30249999 | 0.004 |
17 | 35109737 | 0.003 |
15 | 14955024 | 0.002 |
11 | 17200000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 10374266 | 7 |
0.006 | 3111099 | 6 |
0.007 | 625230 | 2 |
0.008 | 621100 | 2 |
0.009 | 787817 | 2 |
Last trade - 10.06am 26/06/2024 (20 minute delay) ? |
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