Urgh. A Cap raise.
Unless this is at a substantial premium and/or there is a solid / interesting cornerstone (very unlikley, and explains recent price action) this was a dudd move by management.
KAL just released an announcement that their RC drilling campaign will kick off in early March - with actual timeframes and program specifics. That alone with have given E79 a boost. As would have commencement of drilling at KAL. Even if they wanted to avoid potential dud results from any KAL drilling campaign (because that is always a risk) the next three weeks would have pushed the SP considerably higher.
In a booming gold market, with gold at ATH and multiple micro stock managers really are highlighting their deficiencies. Hoping to be proven wrong here.
KAL - https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=02913863
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.485M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34913 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 267449 | 2 |
View Market Depth
| Last trade - 10.02am 17/06/2025 (20 minute delay) ? |
| E79 (ASX) Chart |
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