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4.55%

2.3¢ odyssey gold ltd

All normal !! As with a myriad of other explorers having 2...

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Silvgolcoholic

5,373 Posts.

673

16/12/22

02:18

Post #: 65334144
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Originally posted by m0ngy: ↑

Directors have created a cash cow for themselves imo
They scooped 11.2m shares at 3 cps and there is another 70.4 m shares available at 3 cps with a SOI at 680m
This is a significant dilution of share holder value that will suppress the SP for a long time.
Expect a continuous dumping into the market to make a large quick profit if the SP remains at current levels.
My guess is that it won't, Selling pressure will drive it down.
Why would directors dilute the company so early and so cheaply rather than have small CRs timed with exploration success?
That's how you grow a mid tier mining company, exploration success followed by a moderate CR etc.
Until the potential dilution is balanced by exploration success the SP will be stagnant.
IMO that will take a compelling JORC resource definition and perhaps a robust Scoping Study or PFS.
and that's only if there isn't another big dilution CR at a low SP.
There could be 1B shares before long,
my opinion DYOR

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All normal !! As with a myriad of other explorers having 2 billion + shares out !
All irrelevant ! Only MC counts ! But i agree at a 33mio$ MC we need a inferred Moz resource ! No jorc or pfs but an inferred better indicated resource ! Urgently !

ODY Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $20.67M

Open	High	Low	Value	Volume
2.3¢	2.4¢	2.3¢	$27.96K	1.167M

Buyers (Bids)

No.	Vol.	Price($)
2	150000	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	514357	1

View Market Depth

No.	Vol.	Price($)
1	520833	0.024
1	134500	0.023
3	1150000	0.022
2	1485714	0.021
6	950000	0.020

Price($)	Vol.	No.
0.024	514357	1
0.026	55000	1
0.028	660626	5
0.029	290000	2
0.030	231635	1

Last trade - 13.16pm 20/05/2024 (20 minute delay)


Last 2.4¢			Change 0.001 ( 4.35 %)
Open	High		Low	Volume
2.4¢	2.4¢		2.4¢	99300
Last updated 12.13pm 20/05/2024 ?

ODY (ASX) Chart