They are doing this because of tenement obligation to hold, not with intention of finding the deposit. They need to do exploration activities and minimum amount has to spend as a tenement obligation by DMP. This is not new tenement. They must have done numerous time of surface sampling and target generation.
As I said, they know only sampling. Same think they did for magnetite deposit. We never got the outcome results of surface sampling and target generation for DSO product. May be results could be negative or they didn’t find any DSO target.
If they can’t add any value for the shareholder. They might as well move on and give to someone who is capable.
- Forums
- ASX - By Stock
- Ann: South Laverton exploration program commences
They are doing this because of tenement obligation to hold, not...
-
- There are more pages in this discussion • 163 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LCY (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.2M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $5.096K | 463.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 40680 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1137379 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 440012 | 0.003 |
12 | 10561995 | 0.002 |
10 | 18900000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 3287250 | 5 |
0.005 | 2283158 | 4 |
0.006 | 1326530 | 5 |
0.007 | 890736 | 3 |
0.008 | 519875 | 3 |
Last trade - 12.04pm 29/11/2024 (20 minute delay) ? |
LCY (ASX) Chart |