Opening price will be a slaughterhouse as they don't have the commercial quantity/grade of U - I predict a slow and demoralising sell off to no man's land (3-4c).
The stock will be virtually worthless. Little cash and no resources. Possible trades on the way down if you are game.
I just cannot see the news being good. They did the right thing by suspending the stock.
It shows the extraordinary risk again by investing in exploration companies (of which I have a few). BAS all over again.
The SP will plummet until a raising is offered to "sophisticated investors" and it will all start again assuming they have a contingency plan.
The reality is truly dreadful for holders.
opening price after trading halt, page-2
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Last
99.5¢ |
Change
0.015(1.53%) |
Mkt cap ! $964.6M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.02 | 98.8¢ | $3.256M | 3.252M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9000 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 5852 | 2 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| DYL (ASX) Chart |