Management and their friends are probably trying to finalize CR (or TO) before sharing any good news to the market. The low share price has to be benefiting someone. Everyone is in the red (from FLC period) and supply keeps coming with zero attempt to support. Why sell at a loss? Why not support first and then try and offload at a profit or breakeven?
This particular project may have been structured across a few contacts to bring it under the reporting threshold. No idea if this is true but management not sharing information is destroying shareholder wealth. Why would you do that? Anyone ever get a straight answer about why Adam Hinckley left? Perhaps he has ethics and does not want to go to prison for screwing holders to benefit a few?
Media Update, page-2001
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Last
9.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $107.0M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.9¢ | $6.44K | 64.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24999 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 124214 | 2 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| FLC (ASX) Chart |