So just to clarify for those concerned there is zero intention to raise at this point in time, an asset sale is being arranged which when added to significant upcoming R&D refund will see us through planned activities for the year (two more drill campaigns).
When the market wakes up to this we will see prices kick on IMO, but as people seem unable to read/believe they may need to wait for actual asset sale announcement. The buying we have seen is most certainly by people who already understand funding and selling by those who do not.
Also I have been told it is unheard of in the current market for drillers to take shares as payment. The person I spoke to said for this to happen is pretty extra ordinary and it certainly makes the stock one to watch closely going forward.
The geologist I spoke with said the model is very workable but will depend on free and current processing plants being available and close by. I believe we have this but its certainly something we should find out details on.
His main concern being why process our lower grade ore even when profitable when they can process other slightly higher grade ore and make better returns at lower costs < this is the most valid argument I have heard to date against this operation and one I have taken on board.
I believe it has been pointed out previously by Peter S that there is an excess of processing capability in the area, but this may have changed since it was last discussed.
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So just to clarify for those concerned there is zero intention...
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Last
1.3¢ |
Change
-0.002(13.3%) |
Mkt cap ! $3.997M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.3¢ | $14.26K | 1.041M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 391000 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 300000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 801910 | 0.021 |
6 | 1095049 | 0.020 |
5 | 595446 | 0.019 |
3 | 245333 | 0.018 |
2 | 233000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 100000 | 2 |
0.023 | 3515167 | 1 |
0.024 | 141704 | 2 |
0.025 | 240039 | 2 |
0.026 | 200000 | 1 |
Last trade - 15.43pm 15/11/2024 (20 minute delay) ? |
AAJ (ASX) Chart |