Mind you such low volume hardly worth taking it into consideration.
Wrong.
Weakness in the share price today( to a 4 year low ) must prompt every would-be investor to ask : Why?
At current prices a capital raising - to support additional development wells- will now have to be at a steep discount : think 0.6 cents.
And that is if a broker and their clients are willing to look past the numerous failed promises of helium production. Expect a few superfluous directors to be invited to go: think the lawyer Ross Warner.
To keep their jobs the smartest thing that the directors can do is to find a JV partner (and operator) to fund the next few wells into Pegasus.
Ann: Update on Bolling 4 Evaluation, page-77
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Mkt cap ! $7.779M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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