Am an avid reader of posts on this thread ,.
It seems that the ABU SP is held back by issues beyond the condition gold sector.
These seem to be
The 3B shares on issue....seen as way too many.
Proving up of the OP deposit.....shaping up to be greater than 1M oz.
Granting of ML....appears to be delayed.
Cash on hand.......appears to be less than desirable.
Logically the game plan could be ......
To finish and fully report on trial mining.
Use these figures to calculate an open pit resource over OP / GH area.
Use this moment to restructure shares say 1 to 15 ratio.
Issue additional stock to fund gravity plant expansion and to fund exploration through to granting of ML.
Perhaps an attached option that would fund CIL plant in 18 months would also be included.
share price
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $5.294M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $1.388K | 556.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 23213615 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 16131856 | 20 |
View Market Depth
| Last trade - 14.02pm 26/07/2024 (20 minute delay) ? |
| PRX (ASX) Chart |