Let's face it, the shares have always been ridiculously low priced ~ the all time peak is around 3.3c and the average price over the last year is around 1.6c, the year before it was 1.2c (Commsec chart, moving average set to 200 days).
So what's all this noise about ridiculously low prices? When was it NOT ridiculously low?
The price has been low since July. The SP seems to have settled on 0.6c with a +/-0.1c trading range. I'd expect it to stay there until news of one of the tenements comes through.
I'm wondering why anyone would by a 1~3c stock if they are not prepared to shoulder a risk and reap possible rewards. Do you moan endlessly when your lottery numbers fail to show up?
Time for a reality check - you got what you paid for!!
Robert
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