The only reason I can see for not releasing the resource update prior is that it is underwhelming and they thought it would impact the share price adversely, therefore affecting the capital raise price. Also they are burning through nearly 6 mill a quarter drilling, so are they going to raise again in 6 months at under 5c ? 3c?
Ann: $9m Placement to Fast-Track Regional Exploration, page-9
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Last
75.5¢ |
Change
-0.005(0.66%) |
Mkt cap ! $362.6M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 78.5¢ | 75.5¢ | $805.6K | 1.051M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29262 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.0¢ | 8381 | 3 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
75.5¢ |
Change
-0.005 ( 1.76 %) |
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| Open | High | Low | Volume | ||
| 77.5¢ | 78.5¢ | 75.5¢ | 279994 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| FFM (ASX) Chart |