Precisely my point. The cash burn in this company is like nothing else. Everyone can see it plane as day if they look. I even summarised it all a few months back in a new thread.
Deep diamond drilling is expensive and they couldn't find it when it was shallow. It was always a recipe for failure. The money should have been spent developing the 3 resources after they hit that good intercept that sent us to 30 odd cents. If they continue on the path they are, they will have a billion shares on issue and be down near the 3-4 range.
It would take a strong change in course for me to consider re entering on this one
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3.1¢ |
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Mkt cap ! $30.64M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.1¢ | $42.93K | 1.355M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1487789 | 3.1¢ |
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Price($) | Vol. | No. |
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3.2¢ | 5974 | 1 |
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No. | Vol. | Price($) |
---|---|---|
5 | 1487789 | 0.031 |
5 | 3611499 | 0.030 |
1 | 150000 | 0.027 |
2 | 320000 | 0.025 |
1 | 1500000 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 5974 | 1 |
0.033 | 768400 | 5 |
0.034 | 252313 | 2 |
0.035 | 1618751 | 7 |
0.036 | 1581500 | 3 |
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