Current strategy by management seems to be to drill as much as possible this quarter and then let the finds lead to a higher share price.
Problem: That didn't work with the last big announcement (Hera North) and with gold price going down, won't work this quarter either (yes, it's not logical that Mr. Market ignores facts, including lead/zinc prices, but he is an idiot as we all know).
So, while I'm all for drilling some more, we need two things now:
1) An announcement by management that given the current SP they won't dilute anymore, i.e. limit their drilling etc to spending the cash that comes in from Hera.
2) A decision at the general meeting that allows management to buy back shares at these ridiculous levels.
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Last
18.5¢ |
Change
-0.015(7.50%) |
Mkt cap ! $312.9M |
Open | High | Low | Value | Volume |
19.5¢ | 19.8¢ | 18.5¢ | $983.0K | 5.074M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 981707 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 279951 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 981707 | 0.185 |
9 | 300284 | 0.180 |
6 | 661075 | 0.175 |
4 | 664958 | 0.170 |
2 | 330000 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 279951 | 8 |
0.195 | 619033 | 6 |
0.200 | 231650 | 6 |
0.205 | 110000 | 2 |
0.210 | 62801 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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