Forward agreement means nothing, unless they start production again. That seems unlikely atm. $2mil market cap is probably what it's worth. If you read the report carefully you will see how many tenaments they had relinquished with huge $loss. Cap raizing is firmly on the cards. Hyping this stock up does change its fundumentals: they are out of cash, with no production going - means no income - and they will have to raize cash very soon. Worth a punt? Maybe at 1c. Above 2c? Very unlikely.
Forward agreement means nothing, unless they start production...
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $16.25M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $11.73K | 688.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1450000 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 720000 | 2 |
View Market Depth
| Last trade - 11.02am 09/09/2024 (20 minute delay) ? |
| TMS (ASX) Chart |