Escrowed shares need to be counted in the company valuation. Its rubbish to exclude them.
They are not going to disappear.
Hence the true market cap is around $19 million. Good cash balance and good projects so if they were to announce that they are closer to drill ready than it appears i think there would likely be a re-rate.
charts and analysis, page-50
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Last
57.5¢ |
Change
-0.035(5.74%) |
Mkt cap ! $21.84M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.0¢ | 57.0¢ | $120.6K | 206.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2920 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 5883 | 1 |
View Market Depth
| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| I88 (ASX) Chart |