He's not an idiot. He is making valid points. If your company is below the value of a shell company on the asx. How much money can you raise? How much is needed to complete a drill program? Say $30m.
if you buy today you could possibly see your shares diluted into oblivion.
how is managements track record? Have they successfully done this before?
hell of a lot of risk
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Last
3.6¢ |
Change
-0.001(2.70%) |
Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $26.89K | 743.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 174961 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | 0.037 |
1 | 41762 | 0.036 |
3 | 89936 | 0.035 |
1 | 29410 | 0.034 |
2 | 93745 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 174961 | 1 |
0.041 | 9979 | 1 |
0.042 | 99999 | 1 |
0.044 | 437500 | 2 |
0.045 | 505730 | 3 |
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