Hopefully. However the fact remains that it's going to be a whole lot harder to get a share price to lift off to back where it was before this abominable CR when it's weighed down by 800 million shares than when it was weighed down by only 400 million shares.
The fact is that the SP has lost TWO THIRDS of its value from a month or so ago due to the CR. Virtually every share holder is now underwater, no matter what price they may have got in at and those of us who were sitting on profits have lost all the profits and more besides.
That's absolutely appalling and now we are expected to stump up more money to prop up the company that lost our money.
Talk about adding insult to injury!
And that Perth stockbroking firm waltzes in at .007, just about the all time low, and tramples all over us. Pretty clear the whole thing is nothing but a 'mates' deal.
Since every single share holder (apart from the Perth stockbroking firm and those who may have bought in the last few days) is sitting on massive losses the stock will struggle incredibly hard to make any upward movement because at every upward step people will be jumping out in droves to try to recoup their losses.
There is not even any drilling going to be done until second half of the year so there will be no earth shattering announcements to give the price any incentive to go up. We will be sitting on our hands in our losing positions for months on end.
Anyone who can see anything good for the share holders in this situation needs a lesson in simple logic.
I've traded some dog stocks in my time but this is the most flea-bitten I've ever encountered!
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.378M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.3¢ | $24.75K | 1.904M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 6172066 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 484130 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 6172066 | 0.012 |
15 | 6548281 | 0.011 |
1 | 100000 | 0.010 |
1 | 55555 | 0.009 |
2 | 620001 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 484130 | 2 |
0.015 | 1186807 | 6 |
0.016 | 590819 | 4 |
0.017 | 250731 | 2 |
0.018 | 322357 | 3 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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