Nij to produce cash flow from what? MB isn’t what we all thought it was back in 2013 when the SP hit 72c. We now know that was way over valued then, because we’ve been told it’s a breakeven 700m decline to a drilling platform, and SNWT are only a bit over two years off discovery and looks like history repeated itself as it’s not what we all thought it was either.
RT has only one choice, keep drilling increase the resource and hopefully someone decides there’s enough and you get bought out. 18 months ago I thought that price might be $2-2.50/ share and I was getting cash reserves together to put in prior to the last raise until I talked to RT in Noosa.
But now, I don’t think it would be anywhere near that value.
During RT’s last road trip a few weeks ago through the brokers I asked mine to ask the question, where too now? Answer more drilling.
All the best I hope the resource keeps extending.
Smart Cookies, page-43
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Last
14.0¢ |
Change
0.015(12.0%) |
Mkt cap ! $81.35M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 14.0¢ | 12.5¢ | $61.75K | 457.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 212473 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 60462 | 3 |
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| Last trade - 15.50pm 15/05/2024 (20 minute delay) ? |
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Last
14.0¢ |
Change
0.015 ( 12.0 %) |
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| Open | High | Low | Volume | ||
| 13.5¢ | 14.0¢ | 13.5¢ | 93270 | ||
| Last updated 15.50pm 15/05/2024 ? | |||||
| PEX (ASX) Chart |