Dragan, what do you mean by "OWN SUBSTANTIALLY LONG THROUGHT".
He pulled out because he knew the raising wouldn't go through (markets crashed 10-15% in a few days remember) and he would be left with the shares, which he knew he could get a hell of a lot cheaper if he pulled out and raised at some point down the road when all other shareholders dropped their pants.
It's not surprising what happened, unfortunate hell yes, I kind of think it was pretty much the worsed time set of events in history. But I think we can pretty safely assume that the baddest of the bad sentiment has already been priced in by now.
The first trade after the announcement was 13c, then a couple million raised at 9c, but then 6c? It's too far, funding or not, the deposit and completed work has value. And if I owned the entire project I wouldn't be selling off little parcels at value 14m.
As I said before if a new private company was given 14M$ and they spent 12-13m (and retained it's market cap per $ spent) of it delineating and progressing as far as Viscaria then people would flood to give it capital at this valuation in normal times.
Anyway good to see a little buying coming in today, still thinking we may stabilize a little closer to 9-10c by year end, I would think AV has it's feelers out for a JV. Mohammad will probably come back to the party for some big raising down the track, a year isn't a lot when your talking about big $$.
- Forums
- ASX - By Stock
- STM
- Ann: Change of Director's Interest Notice
Ann: Change of Director's Interest Notice , page-11
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STM (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $25.95M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $95.42K | 16.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
35 | 29752650 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 4232349 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
35 | 29752650 | 0.005 |
61 | 37865487 | 0.004 |
16 | 15168673 | 0.003 |
7 | 10302499 | 0.002 |
6 | 11300002 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 4232349 | 13 |
0.007 | 5765828 | 5 |
0.008 | 6556895 | 5 |
0.009 | 5907533 | 6 |
0.010 | 3600090 | 5 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
Featured News
STM (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online