These idiots at the top had nearly $33M in the hand and they took only $10m. They let go of $23m and this short fall in funding has come back to bite them again. Add the 10c options and they would have been sitting awash with cash and the loan (gap) would not need to be as much.
The market is selling them down in a U bull market with so many others running hard and years from production.
Sack the whole board I say and start again.
They are destroying shareholders capital. The lost opportunity costs are seriously getting wider considering someone could be on a PDN/BMN/LOT/DYL etc etc which are moving forward and we are in reverse. Makes the blood boil.
But investing is meant to be an objective task without emotions clouding judgement. So I will gently walk away and take deep breaths and enjoy my wins in DYL and LOT and relish that it is Friday.
These idiots at the top had nearly $33M in the hand and they...
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $233.1M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $1.395M | 12.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 2065396 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 1951109 | 6 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
-0.005 ( 1.37 %) |
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| Open | High | Low | Volume | ||
| 11.8¢ | 12.0¢ | 11.3¢ | 3267295 | ||
| Last updated 15.55pm 03/05/2024 ? | |||||
| PEN (ASX) Chart |