What a pain, They have no idea,
anyway no real harm done, they have to put out target statement again and then wait two weeks and relaunch the rights issue.
meanwhile they have the loans from terry and harvest lane as well as a couple of hundred grand from option exercise to keep them drilling.
The other thing is by resetting the rights issue date if you buy on market you still qualify for the rights.
The top 20 own 82% of the company so the takeover has no chance of success.
The drilling results to date have been great and are ongoing.
The stock should imho be much higher than it is especially when you compare the market cap with other companies with project not nearly so good.
Once the overhang from the option ex is gone and that must be soon as there were only 3.7m options, then the price should resume its march upward!
What a pain, They have no idea, anyway no real harm done, they...
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Last
3.5¢ |
Change
0.004(12.9%) |
Mkt cap ! $25.25M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.5¢ | 3.2¢ | $9.399K | 275.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 200000 | 1 |
View Market Depth
| Last trade - 11.38am 08/05/2024 (20 minute delay) ? |
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Last
3.6¢ |
Change
0.004 ( 16.1 %) |
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| Open | High | Low | Volume | ||
| 3.5¢ | 3.6¢ | 3.5¢ | 120910 | ||
| Last updated 11.41am 08/05/2024 ? | |||||
| AME (ASX) Chart |