In hindsight they were extremely passive in register and broker engagement, probably thinking the right announcement would break the SP loose. Unfortunately and contrary to what I thought, the mining concession was not that announcement and their passive approached has backfired resulting in a very poor outcome for existing shareholders. Only positive is it's only 10% of the company and gives $30m for Crookes and co to get themselves and the project moving.
$100m raised at $1.80 ~ 2016
$100m spent to get a concession over 5 years
$19m raised at $0.52 ~ 2021
Peter Albert's has a lot to answer for in my mind. Optics are awful on his watch!
Still well advanced project, with cracking financial metrics in a a resource I think will continue to perform well over the coming decades.
Ann: Trading Halt, page-8
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Last
31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $123.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.5¢ | $10.10K | 32.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 35000 | 2 |
View Market Depth
| Last trade - 15.41pm 19/07/2024 (20 minute delay) ? |
| HFR (ASX) Chart |