apart from the company needing support ($$$) of it's shareholders to drill...
But I get where you're coming. You can buy at 2.5c through the rights issue with the risk of not having information/knowing when drilling will commence/new data or you can wait and buy on market when that comes to hand.
Even if the SP is a bit higher there is less risk so the risk/return trade-off is balanced.
but I go back to my first point... the company needing support ($$$) of it's shareholders to drill.
The mother load, page-14
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Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $39.27M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $3.062K | 547.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 26081491 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 32217658 | 25 |
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| Last trade - 14.37pm 23/08/2024 (20 minute delay) ? |
| OAU (ASX) Chart |