You're right, it doesn't make sense.
But we have a sub $15m market cap and a ton of long awaited and potentially company defining announcements due in the next 3 to 6 months:
- Mineral Resource Estimate (MRE), taking the DSO from 8mt with at 52% cut off, to potentially 15mt with a 40% cut off (and a lot more to be proven up over time)
- Pre Feasibility Study due within the next 6 weeks that should at least confirm, if not improve on, the numbers in the Scoping Study.
- MOU with the Government that will clear the way to go mining, and likely start with a bulk sample
- Funding Discussions that could take any shape or form, including the potential for no (or minimal) dilution
I think each of these have the potential to raise the price and form a new base, but we never know what the market will do.
The thing to remember is it was sub 100,000 shares traded, which was valued at less than $11,000.
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.11M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 117462 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 117462 | 0.100 |
1 | 15299 | 0.099 |
1 | 5700 | 0.090 |
1 | 11363 | 0.088 |
1 | 2 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 100000 | 1 |
0.120 | 72214 | 2 |
0.130 | 150000 | 1 |
0.135 | 13913 | 2 |
0.195 | 2653 | 1 |
Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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