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.
Perhaps management are looking at the long game. If the first...
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $118.9M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $378.7K | 3.595M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 175341 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 106832 | 5 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 10.8¢ | 11.0¢ | 10.0¢ | 2688556 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| EXR (ASX) Chart |