Issuing 90m new shares to mates is always the best way to increase the sp.
But after dragging their heels for years, including doing almost no drilling in the JV and none independently in 2024 suddenly, just a maximum of 18 months away from getting $15m in income flowing into the coffers (largely without exploiting an ounce or ore), management is wanting to "aggressively explore" (something that is unlikely to happen until at least March 2025) - give me a spell.
They saw the potential significant increase in SP on the horizon and decided to look after their mates
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Last
18.8¢ |
Change
-0.003(1.32%) |
Mkt cap ! $119.1M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $13.17K | 70.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 186983 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 217068 | 5 |
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| Last trade - 11.56am 07/08/2025 (20 minute delay) ? |
| ERM (ASX) Chart |