I support your sentiments, Winsomelose.
A good time to look at facts. One, the share price rose on news of major shareholder (soph's) support for a fund raising but crashed spectacularly from it's 0.024c level to the 0.011-0.014 band it is in at present. Two, the share price has virtually no momentum, in terms of both volume and price movement.Three, a fund raising from other shareholders on the basis of a bonus issue at 0..02c with extras was made when the share price was substantially lower than the bonus price. You can wait for the wash-up announcement if you like but odds on it missed the fund raising target. Four, the Company issued a series of announcements at the time of the bonus issue that gave every indication they were not on top of the process.
A reasonable derivative from the facts is that a core of shareholders has been spooked by a major loss of confidence in the Company and this has led to the sell off already recorded. Until this confidence issue is rectified it is a matter for the rest of us to sit and wait if you're an optimist or sell and cut losses.
- Forums
- ASX - By Stock
- PIL
- What EMI License will mean for PIL
What EMI License will mean for PIL, page-20
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PIL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $21.21M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $65.3K | 7.176M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 7593550 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 5197721 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 7593550 | 0.009 |
6 | 4562622 | 0.008 |
18 | 3624700 | 0.007 |
10 | 5099331 | 0.006 |
4 | 6500199 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 5138984 | 12 |
0.011 | 4139840 | 7 |
0.012 | 966048 | 3 |
0.013 | 303822 | 3 |
0.014 | 4206542 | 6 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
PIL (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online