Perhaps management are looking at the long game. If the first production tests go well they may get takeover offers. The company would be more valuable if it has larger proven reserves. If they go full speed ahead on production tests they may not have time to do more exploration and may get a lower takeover offer as a result.
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Last
16.0¢ |
Change
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Mkt cap ! $191.4M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 16.0¢ | $294.5K | 1.834M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 99998 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 619182 | 6 |
View Market Depth
No. | Vol. | Price($) |
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1 | 20000 | 0.160 |
8 | 271650 | 0.155 |
11 | 650169 | 0.150 |
15 | 1197892 | 0.145 |
21 | 825863 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 609182 | 4 |
0.170 | 221281 | 9 |
0.175 | 68500 | 3 |
0.180 | 274787 | 11 |
0.185 | 149641 | 5 |
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