Our share holdings were divided by 17 during consolidation .. to hold its value meant the share price needed to be around 28c - 30c ...it didn't do that and lingered back as there was plenty of wriggle room for it fall ... everyone share value has been decimated
Until they have a project / mine or get a take over offer .... the SP will remain stagnant and could fall much further.
Pretty disappointing considering they will need to raise more money going forward which will equate to more shares being issued meaning more dilution and less value to share holders .. but to progress and survive this only outcome.
At the end of day this is spec stock ... on a positive we do have nice piece of dirt adjacent RIO which could be a company builder if we can sell it or partner up with another party
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