DD1 is written off of course, just look at the table provided even with the creative front page reporting.
Haven't written DD2 off at all but no rush to get in for that as who knows when it will start! Probably better to get out now and then buy back when drilling has started again if bullish DD2 - I did say a while back to ride this into drillIs it would need to be under 5M MC a few weeks back.
The cash position is troubling given delays, hopefully it isn't costing much, what happens if they blank these holes? How will they raise money and at what price? You have to think about downsize risk and the upside - can't believe I got laughed at for being concerned with my downside lol
DD1 is written off of course, just look at the table provided...
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Last
6.6¢ |
Change
-0.006(8.33%) |
Mkt cap ! $19.02M | |||
| Open | High | Low | Value | Volume |
| 7.2¢ | 7.2¢ | 6.5¢ | $287.4K | 4.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 199999 | 6.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.7¢ | 46153 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
6.5¢ |
Change
-0.006 ( 9.47 %) |
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| Open | High | Low | Volume | ||
| 7.1¢ | 7.1¢ | 6.4¢ | 1233068 | ||
| Last updated 15.47pm 13/06/2024 ? | |||||
| RCR (ASX) Chart |