1.125 BILLION shares? Is this a mining company?
There's no way in hell this is going back to its $14 levels, and something tells me people think it will. It would have a market cap bigger than Pilbara Minerals to get back there (minus the divvie of nearly 7%). Absolutely impossible.
Haven't got the stats in front of me, but surely this company must be printing in the order of ~500 million shares every 4 years? I love watching the shares go into the partners 'super account'. What a hoot! The ASX money printing machine - at your expense.
My gut feeling is that the latest price action upward is pure manipulation, because this company is probably on the brink of bankruptcy with some clever, glossy, creative accounting to keep the show going.
Price should be 0.01c soon enough.
Ann: Application for quotation of securities - ZIP, page-6
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Last
$1.75 |
Change
0.005(0.29%) |
Mkt cap ! $1.946B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.80 | $1.72 | $15.90M | 9.068M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 22761 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 27177 | 12 |
View Market Depth
| Last trade - 11.45am 09/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |