No-one is going to buy until the rights issue is over and results start flowing in. This will occur in a months time.
The Backflip Prospect is very promising and has produced some terrific grades to date. The aim will be to extend the strike to 650m+ and continue hitting mineralisation at a reasonably shallow depth of 100m.
The report on the feasibilities of gold deposits such as Catherwood, which is certain to be positive with the current market price of gold.
As for the rights issue, I will be taking up my position. 12c is a bargain and this share is worth 20c+ minimum even after the issue.
After the rights issue the fully diluted market cap at 20c is $11 Million. Still very low.
will be a junior gold speccie to watch, page-3
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.206M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2703676 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 207607 | 3 |
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| Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
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