The management and BoD have been working hard to make sure Colossus is fast tracked. They used a lot of funds to promote the company(marketing have been upped lately, have a look at their website and social media presence). They have been hosting events to get all the important officials on board with the project.
Not to mention the 7 drill rigs onsite running continuously to get the MRE and SS completed. The funds have been used where it's needed and no wonder they need to raise so soon. It's the consequence of fast tracking a project. I prefer this than a lifestyle company with hardly any progress at all.
Anyways I agree that the CR could've been timed better. I took this opportunity to top up at suppressed SP and averaged down after knowing they have achieved a significant milestone. Monday and Tuesday trading will be fun to watch as the new shares are getting distributed. I am quietly confident that it won't touch the CR price but happy to top up again if it does
Ann: Trading Halt, page-159
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Last
86.5¢ |
Change
-0.025(2.81%) |
Mkt cap ! $55.58M | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 88.0¢ | 85.0¢ | $118.7K | 137.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2009 | 86.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 4050 | 2 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| VMM (ASX) Chart |