A CR at 60 cents a couple of weeks ago
$80 million in cash is 20 cents a share
Even if they walk away from the whole project
thats some of your answer back.
But didnt they raise cash at much higher prices before 60 cents?
That still went down didnt it.
The cash burn rate is high. They will need more money to get the gold out of the ground.
This is why its going down.
Another CR will come.
So with another CR coming I can see it falling to 30 or lower........
I didnt think it would be possible but I think its on.
- Forums
- ASX - By Stock
- roll up roll up
A CR at 60 cents a couple of weeks ago$80 million in cash is 20...
-
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GRY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online