Opening price will be a slaughterhouse as they don't have the commercial quantity/grade of U - I predict a slow and demoralising sell off to no man's land (3-4c).
The stock will be virtually worthless. Little cash and no resources. Possible trades on the way down if you are game.
I just cannot see the news being good. They did the right thing by suspending the stock.
It shows the extraordinary risk again by investing in exploration companies (of which I have a few). BAS all over again.
The SP will plummet until a raising is offered to "sophisticated investors" and it will all start again assuming they have a contingency plan.
The reality is truly dreadful for holders.
opening price after trading halt, page-2
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Last
$1.44 |
Change
-0.015(1.03%) |
Mkt cap ! $1.379B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.46 | $1.40 | $2.700M | 1.890M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 26766 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 39895 | 26 |
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| Last trade - 13.15pm 09/10/2024 (20 minute delay) ? |
| DYL (ASX) Chart |