So correct me if I am wrong. The additional project costs US7million over 4 years.
They have committed the spare cash after debt repayment and a hugely dilutory convertible note at 3.3c to this project. They will have to do more drilling, and now approaching 1 billion shares.
Amazing this will never get to production just a drilling company that will need so much money in the future. 1 billion shares could and will easily expand, what will original holders actually own?
So correct me if I am wrong. The additional project costs...
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Last
76.0¢ |
Change
-0.030(3.80%) |
Mkt cap ! $115.0M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 79.0¢ | 75.0¢ | $146.1K | 191.7K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 161 | 76.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.5¢ | 1607 | 1 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
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