Unfortunately this has been a black day for shareholders and hence everyone must question is it still worth holding onto the stock . Based on the presentation it is obvious that it will take many years to turn the company around and unless there is a reversal in commodity prices the company will running at a loss by year's end . Hence money needs to be pumped into the company to keep it going . And for what purpose ? . None at the moment .Come December the stock will be 10 cents . Capital raising stock 5 cents . So why hold a stock around 5 cents in the hope it becomes 20 cents in a few years time .It will be a trading stock with no intrinsic value until it is put out of its misery when someone finally scavenges its few assets . I will be very surprised if there are many shareholders in the green at the moment. Definitely a sell at the moment .Will be jumping ship when I can find a life jacket .
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $296.0M |
Open | High | Low | Value | Volume |
17.5¢ | 18.0¢ | 17.3¢ | $647.5K | 3.680M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 208881 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 849774 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 208881 | 0.175 |
16 | 1367733 | 0.170 |
15 | 791711 | 0.165 |
15 | 1177945 | 0.160 |
10 | 619787 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 849774 | 14 |
0.185 | 604395 | 9 |
0.190 | 518488 | 11 |
0.195 | 541225 | 11 |
0.200 | 343704 | 7 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
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