The coal company paid 13c per share because they get two board positions. No reflection on the true value of the company IMO.
For only $35482 a punter could push the SP to 10c. Again, low volume of shares being traded at low prices. This is an illiquid stock.
Even I thought it would take the coal company a bit longer to renege on the deal and the $2.8m would be paid. But considering the funds were due by Friday and there is no new of the funds being received, looks like I may have been wrong.
Ann: Northern Minerals enters into $30M equity funding agreement-NTU.AX, page-52
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Last
2.8¢ |
Change
0.001(3.70%) |
Mkt cap ! $165.5M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.7¢ | $50.14K | 1.795M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3277111 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 97719 | 1 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| NTU (ASX) Chart |