@PJL100
Yeah I think their approach is prudent. They have a known resource that is well understood and growing nicely. Short of some sp relief, I think that hunting for discovery glory is too risky and costly given the macro background. ITM smartly raised money into strength and it looks like they could get to an initial MRE before needing more money. Seems a smart way to prove the value in the ground while biding time for the market to respond a bit hopefully.
ITM Chart, page-557
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Last
6.7¢ |
Change
0.001(1.52%) |
Mkt cap ! $8.193M | |||
| Open | High | Low | Value | Volume |
| 6.5¢ | 6.7¢ | 6.5¢ | $14.59K | 223.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120402 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.7¢ | 75914 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
6.7¢ |
Change
0.001 ( 3.08 %) |
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| Open | High | Low | Volume | ||
| 6.6¢ | 6.7¢ | 6.6¢ | 31448 | ||
| Last updated 11.45am 14/06/2024 ? | |||||
| ITM (ASX) Chart |