This is an interesting one..
I'm not too fussed in the Zapucay project and it doesn't seem that the new management are either. Notice that the forecast cash expenditure for the current quarter is only $200k whereby they have been historically burning $600k-$1m+ a quarter on the project. Seems they're winding it down??
New management look reasonably well connected, hopefully they have something else in mind, either a new project or a backdoor listing? Cash balance is still decent at $1.7m. market cap ~$6-$7m.
Anyway, pure speculation only, but the GLAO options at $.002 (10c strike, June 2015 expiry) look good for an all or nothing punt.
This is an interesting one..I'm not too fussed in the Zapucay...
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.61M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $2.516K | 167.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 273064 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1600000 | 2 |
View Market Depth
| Last trade - 13.22pm 20/11/2024 (20 minute delay) ? |
| GLA (ASX) Chart |
