The issue is not that they have a massive resource, the issue is the cost to get there and the dillution. They are just now releasing another 1B shares, so your maths of 1$ is already down to 88c. Each time they do this, is makes it harder and harder to make profits for shareholders.
Ann: Trading Halt, page-652
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.1¢ | $434.7K | 13.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 6410146 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 4959499 | 21 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| SYA (ASX) Chart |