It is poor management to CR at sub 100 million.
It is beyond ridiculous.
A well run company would of built up the production capacity first as this is funded.
Moreover, when you have spent 10s of millions on studies for a dead tech project and never released a DFS and now diluting SH at 82 million MC...... there is 0 trust.
The short position is going to look horrendous if there is a significant discount. Basically, we probably would be approaching a sub 3 cents SP in a blin of an eye.
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $107.5M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.4¢ | $130.7K | 3.777M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2301574 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 274120 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| QPM (ASX) Chart |