why I go on about the diamond proiject is that I am told by everyone that it has a lot of potential and the potential to propell the share price up to the 200 - 500c range.
The company has spent a fortune on the project and simply shelved it in favour of the base metals project which they want to use as a banker to fund the diamond project in the future.
The base metals project looks like its going to take a long time and has an upside of 40c a share (based on a US$ 100 million projection), thats not a particularly exciting price target given the time its going to take to get there and the huge risk associated with MTB.
They need some glory projects to drive the share price up.
Some say that its not the directors responsibility to keep the share price up, but with MTB I dissagree, the share price is a strategic issue due to the high levels of fund raising and the importance of fund raising to its future!
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.947M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 56934486 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 22406873 | 6 |
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