This is serious tin foil hat stuff right here... The market sets the price - if you want to bid up the price to a level you think is reflective of the assets, go ahead. I welcome that. To me it presents a compelling investment opportunity here, hence I've been buying. $2.8m in the bank to 31/12 and you think the directors (acting in the best interest of shareholders) would prefer to operate the company insolvent? I'd say they raised because they had to ahead of a drill campaign to generate value for holders. Retail market is virtually dead for lith plays rights now, so I'm not surprised they went up the food chain.
I feel for long term holders, but keep you're eye on the prize - the assets are decent and time will hopefully cleanse the disconnect in price. It is a serious stretch to say the directors are at fault...
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S1041A Market Manipulation, page-6
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $23.84M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.0¢ | $43.72K | 332.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 112000 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 123605 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 112000 | 0.125 |
6 | 286136 | 0.120 |
4 | 53494 | 0.115 |
3 | 45470 | 0.110 |
1 | 9500 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 123605 | 2 |
0.135 | 39245 | 2 |
0.140 | 14221 | 1 |
0.145 | 31379 | 2 |
0.150 | 70006 | 3 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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TOR (ASX) Chart |