IMO
Either early reports on the drilling is not going well, so they have decided to maximize the Cap raise, or they are burning money like crazy because according to the last Cash flow statement, they had enough for 6 quarters.
Either way I believe the SP will retreat below 5c.
Ann: Trading Halt, page-4
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $5.016M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $5.386K | 489.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 410407 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 146522 | 1 |
View Market Depth
| Last trade - 15.50pm 21/06/2024 (20 minute delay) ? |
| PSL (ASX) Chart |