Given the recently announced capital raising & SPP at 2 cents this company offers very limited upside, bearing in mind the number of shares on issue.
Companies with billions of shares on issue are very hard to move.
Current shareholders must be extremely disappointed with capital raisings that destroy their shareholder wealth.
May be time to look at some juniors that don't have billions of shares on issue & who have good resources, management & are about to start producing in Australia with no hedging in place.
Regards
Buffett
better junior gold stocks
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $41.55M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.5¢ | $41.98K | 285.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93501 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 4618 | 1 |
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| Last trade - 14.41pm 26/06/2024 (20 minute delay) ? |
| FML (ASX) Chart |