If people are too blind to see the share price will always be half its true value. What can I say? This has occurred due to doubling of the shares on issue. Investors are either too indifferent or not interested enough in the health of the company to give a damn.
1 It was the chairmans idea to give a return to capital before they went underground. The company need the cash
and he made a text book mistake of decapitalising a company in development stage. This has cost shareholders $150million because it has reduce the value of individual shares even though the market cap remains the same.
2 He has the experience and knowledge and should have known better, it was his idea as he admitted in the AGM.
3 The company had to dilute shares to 300 million to raise extra cash,due to this return to capital.
4 The Chairman should resign.
Do I need to commission an indenpendent report just to prove a textbook case of poor management.
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Last
$2.20 |
Change
-0.070(3.08%) |
Mkt cap ! $2.525B |
Open | High | Low | Value | Volume |
$2.22 | $2.23 | $2.19 | $3.328M | 1.507M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 148455 | $2.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.21 | 69934 | 58 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 155480 | 2.200 |
28 | 190352 | 2.190 |
25 | 224980 | 2.180 |
21 | 130571 | 2.170 |
8 | 273199 | 2.160 |
Price($) | Vol. | No. |
---|---|---|
2.210 | 62173 | 46 |
2.220 | 165439 | 27 |
2.230 | 314375 | 19 |
2.240 | 113701 | 14 |
2.250 | 56622 | 7 |
Last trade - 13.17pm 30/09/2024 (20 minute delay) ? |
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