"Historically the forward plan with AP and ORA has been at a frustrating snails pace...hence why I sold half of my holdings earlier this year and now making a nice profit in AWJ"
I dispute the "snails pace " assertion as he has been the CEO for around 17 months and in that time we have gone from a scoping study of around 22 k ounces at 4.1 grams a tonne to 240K ounces at guessing around 5 grams a tonne with an MOU in place for processing that ore
Not hard to ascertain form the above that we have gone from around 30M in potential cash flow to around $400M in potential cashflow in 17 months (took 1 minute to throw those numbers together but you get the drift I am sure ) that we are over 10 times the monetisable value .
It is painful to watch Alex speaking he does not exude any confidence unlike the charlatans and Disallowed salesmen out in the small cap explorer world , but I prefer an MD like Alex who has hit targets , rather than one who is all hat with a big mouth and no horse
As a side note nice to see mention that the strip ratio now looking to be down to cc 9:1 rather than the 10:1 previously hinted at
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Stagnant Share Price, page-32
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.71M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $172.1K | 16.25M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 5891469 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 4603798 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 5891469 | 0.010 |
21 | 6595232 | 0.009 |
17 | 9039963 | 0.008 |
11 | 25602378 | 0.007 |
11 | 49902166 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 4603798 | 7 |
0.012 | 16872529 | 20 |
0.013 | 6445368 | 8 |
0.014 | 4117708 | 5 |
0.015 | 1385713 | 2 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
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OAU (ASX) Chart |