Yeah this one confuses me. Regardless of the macro conditions of the overall markets the people involved in the raise should have protected the price and with such low SOI it would have been easy to do so.
We haven't churned the shares that were issued as volume has been low. So the people involved in the raise have just held and copped a 20% paper loss.
Results from initial drilling are due soon so will be interesting to see what happens then.
Ann: $3.1M of Commitments to Fund Exploration of Aruma Projects, page-10
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Last
1.2¢ |
Change
-0.005(29.4%) |
Mkt cap ! $2.362M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.2¢ | $32.05K | 2.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 978878 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 269000 | 1 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| AAJ (ASX) Chart |