Yes. The reason for the capital raisings, was for exploration spend. One of the few companies that is doing serious exploration on two project simultaneously.
There will probably be another one next year, hopefully at a higher price.
I think they can only push PNG once the JV ownership ratio with Yamarna is reset. They have been earning a higher share (than 60%), but I dont think anyone but GOA/Yamarna know what that ratio currently is.
Even at the old 60% and the old 800koz resource base, you are looking at 4 oz of Gold per GOA share.
Not bad for 8c. Where else can you buy 4 oz Au for 8c!
Lol.
- Forums
- ASX - By Stock
- GOA
- updated presentation on the website
updated presentation on the website, page-5
-
-
- There are more pages in this discussion • 16 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 GOA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online