Hi Bthreat and all,
“It seems someone pulled the plug! I decided to buy at 0.002 - I just couldn’t resist. Let’s hope they don’t consolidate ....”
I think after the next couple of extremely low priced CR’s the shear number of shares on issue will make a consolidation inevitable.
Don’t forget this company has a historical cash burn rate of around $4M PA and that’s just when they are doing a little exploration and talking about things. If they ever did find anything of value and wished to progress to the next stage they will need to find a lot more shareholder money!
The last CR only raised around twice the amount required for the annual director’s salaries and expenses.
Cheers and very best regards: Andy
Ann: Notice of General Meeting, page-33
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Last
1.9¢ |
Change
-0.002(9.52%) |
Mkt cap ! $30.95M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 1.9¢ | $77.88K | 3.863M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2331227 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 4593531 | 11 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| WCN (ASX) Chart |