Ignore them, mate.
These are the precise moves which needed to be made.
After the bond debacle, equity markets were clearly closed to them (as evidenced by the secured loan deed they arranged). Equity market confidence needed to be restored and that entailed personnel changes. Clive Donner has extensive investment banking experience and will add significantly to the Board. Barry is a mining engineer - he can focus on the technical side of mining ops.
I'd imagine they would be better placed now to raise some funds to pay back the loan deed and engage financiers once again with their revised plan.
Not out of the woods by any stretch, but moving in the right direction again.
Ignore them, mate. These are the precise moves which needed to...
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Last
3.7¢ |
Change
-0.004(9.76%) |
Mkt cap ! $56.41M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.1¢ | 3.7¢ | $355.6K | 9.255M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 250000 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 131578 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
-0.004 ( 7.32 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.1¢ | 3.7¢ | 3697533 | ||
| Last updated 15.57pm 21/05/2024 ? | |||||
| CYM (ASX) Chart |