I sold today, having bought only a week ago. Horrible feeling taking a loss but I felt it necessary to stop further steep near term losses.
'Reset Plan' read 'Capital Raising' come April, not worth holding until after then at the earliest IMHO.
Mkt cap still >180m, plenty further to fall for a stock that generates no cash and instead raises capital every 9 months or so.
Fundamental value there if they can ramp up Nifty - but risk now skewed to the downside.
Ann: Update of Operations Underground Mine at Nifty, page-13
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Last
38.0¢ |
Change
0.005(1.33%) |
Mkt cap ! $344.3M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.5¢ | $281.0K | 755.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 167465 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 100862 | 5 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |