There is never anything wrong with the report writing, actually ARV are very good at it. It's the progress in drilling and the large wage cost that is the issue.
I'd be surprised if this rights issue gets off the ground. Sellers keep coming at .001c [guess they will buy back in rights and get the free option to average down] and there is zero interest in buying rights on market [and why would there be with a 5:2 ratio and plenty of opportunity to subscribe for shortfall]. How much interest can they earn in the three months they have to fill the CR?
Not sure what I'm going to do re this CR especially since I just oversubscribed heavily in another i'm holding.
Edit: I also suspect a Recapitialisation around Christmas. That would probably be it for me.
Ann: Artemis Investor Presentation Update, page-3
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Last
1.0¢ |
Change
-0.002(16.7%) |
Mkt cap ! $17.64M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $29.30K | 2.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 7580273 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1212640 | 5 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| ARV (ASX) Chart |