@ LD99 I think we have gone over this before. More production means cheaper unit costs = higher margin.
I guess we disagree on the commodity market direction. In my view majority of commodities are setting up for a USD bull run. AUD appears to be in trouble for the moment as well.
Based on the announcements so far I don't think they need any more money including from SPP. Majority shareholder would not want to be diluted either. I am not sure why it would be pump and dump. Unless you think recent placement was to idiots who could have picked up shares cheaper.
I reckon that someone is accumulating on market buying from shareholders who think they can sell cheap and load up in SPP.
@ LD99 I think we have gone over this before. More production...
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Last
5.3¢ |
Change
-0.001(0.93%) |
Mkt cap ! $45.42M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $24.64K | 456.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13286 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 59236 | 1 |
View Market Depth
| Last trade - 14.08pm 07/05/2024 (20 minute delay) ? |
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5.3¢ |
Change
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| Open | High | Low | Volume | ||
| 5.5¢ | 5.5¢ | 5.3¢ | 214740 | ||
| Last updated 14.07pm 07/05/2024 ? | |||||
| CXM (ASX) Chart |