No!
The impatient ones have taken a break it seems.
As for us patient ones, we just wait for the next lot of news.
The SP has revived somewhat, but the trading is light. Sellers have not dominated of late, as they did when forcing the SP down to a ridiculously low 0.6c.
Given the gold resource that the company has, the share price is still way too low. Add the potential to greatly expand it with shallow drilling then it makes the current market cap even more outlandish; and I have not even mentioned the porphyry copper and moly and gold.
My guess is that the need to raise capital soon has investors wondering how that is to be done, so they are holding back in buying. I would expect that there will be good news hit the market before an announcement on the capital raise is released. I hope that there is enough time to do it by way of an entitlements issue to shareholders, say a 1 for 10 at 1.2c minimum.
We wait! But it looks like a good punt at this price.
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Last
0.8¢ |
Change
-0.001(6.25%) |
Mkt cap ! $15.00M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $481 | 64.14K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 3363673 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 3691419 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1372279 | 0.007 |
7 | 1679026 | 0.006 |
5 | 5509300 | 0.005 |
1 | 500000 | 0.004 |
2 | 800000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2498990 | 3 |
0.009 | 2479443 | 3 |
0.010 | 3155309 | 2 |
0.011 | 200000 | 1 |
0.012 | 967000 | 3 |
Last trade - 15.54pm 16/08/2024 (20 minute delay) ? |
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SPQ (ASX) Chart |