Price will drift downwards to the 9 - 10 cent range whilst shareholders wait for the next quarterly. Cash burn, AISC etc will reveal if any improvements have been made. Disappointing results will see the share price tumble and then expect a bid from a professional outfit such as NST who might bid 16 cents, offer MW a golden handshake to accept the bid and holders will be happy to get their money back from their investment in the capital raise. An outfit like NST would certainly turn this project around.
Ann: Completion of fully underwritten $90 million equity raising, page-47
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
40.5¢ |
Change
-0.010(2.41%) |
Mkt cap ! $2.755B | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.3¢ | 39.5¢ | $5.806M | 14.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 732397 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 927828 | 9 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |