Things change... a good investors knows how to adapt and also knows when to let go. Once upon a time it did seem like it was going to pay off and who knows it just might...but not after a consolidation and a capital raising occurs which will drag current holders to their knees. For the time being the charts tells you the truth and most holders want out. There is Zero demand and those willing to buy now are IMO happy to lose what they put down.
One thing that was always at the back of my mind was the paragraph in the presentations "track record of identifying and developing projects with JV." What track record? Mineral sands project? No body wants to even look at it...garbage IMO. Iron ore prices are that low that nothing in that project will be viable.
C.G only cares about one thing...incentive for producing losses for shareholders..
Ann: Further Assay Results Received For Ancasti Lithium Project, page-145
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $560.2M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $7.396M | 37.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 155000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 6311996 | 51 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |