OAR 0.00% 0.2¢ oar resources limited

Well they did say imminent, so 2023 sounds perfect.Seriously...

  1. 11,226 Posts.
    lightbulb Created with Sketch. 4642
    Well they did say imminent, so 2023 sounds perfect.

    Seriously though, I have no doubt the remaining Crown samples are back from the lab and have been for a few weeks at least. Imminent is not 6 weeks in any language.

    There are 2 options imo:
    - The results are as bad as the initial ones released to the market and they are holding off as they know there will be a big sell-off.
    - The results are good and they are holding off until early in the new year (using holiday office closure as an excuse) and organising a capital raising to be undertaken on the back of these results.

    I think the second option is most likely because the second phase crown samples were in a better geological area in the east, so they should return better results. After these final crown results are known, there is not much newsflow due and we know that a capital raising will need to be completed prior to end of Jan cashflow report. We are extremely low on $ right now. CR has to take place in Jan.
 
watchlist Created with Sketch. Add OAR (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $4.833M
Open High Low Value Volume
0.1¢ 0.2¢ 0.1¢ $30.02K 20.11M

Buyers (Bids)

No. Vol. Price($)
73 197839622 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 27961705 22
View Market Depth
Last trade - 15.05pm 28/06/2024 (20 minute delay) ?
OAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.