You do understand that a Market Cap of a stock, overvalued or undervalued, 95% of the time not relevant at all like your comment illustrates?
The VWAP ( Volume weighted average price ) is $0.017 cents.
Meaning the raise was complete with a 30% discount to the trading price.
Funds and Sophisticated Investors who are existing and imperative, would already be diluted further so in a non operational mine and a micro cap stock, 30% discount is not "outrageous whatsoever".
Sounds like @Oldgoldminer1 and myself are on the same page again for the 2nd time in our lives.
6% drop in share price after a raise in this financial environment was rather successful outcome to be honest, I would have been expecting a drop of around 15% after the raise to be non objective.
I would challenge that there is no demand out there, not sure how you came to that analysis.
Best to sit tight see how the next 8 weeks ago with this "financing".
If that goes ahead and they start mining, I estimate in realty 12 months before they are producing regular revenue as they are going to need a stockpile built to provide earnings guidance and forecasts.
Seen some comments we are producing in 3 months.
I don't think you will see Quarterly Activity Updates with projections on gold production till 2025.
Waiting game now gentlemen
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Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $43.20M |
Open | High | Low | Value | Volume |
1.5¢ | 1.7¢ | 1.5¢ | $45.00K | 2.823M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1561158 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 0.016 |
5 | 1959838 | 0.015 |
4 | 4312857 | 0.014 |
6 | 1700000 | 0.013 |
2 | 1208333 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1561158 | 9 |
0.018 | 2133827 | 5 |
0.019 | 333001 | 3 |
0.020 | 3149500 | 6 |
0.021 | 60000 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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