......and just to round it out, because i really dislike it when people spread fake news......
The problem with a CR in a company like this who spends so much on exploration, has a low value MC (in reality) and such low shares on issue (which everyone here touts as a great thing) is the dilution.....current share holders will be smashed.
Just to get an extra years worth of funding ($24m) at the current exploration rate will result in an additional 38,000,000 shares issued, place raise costs!
I'll let you work out how much less each share you hold will then be worth..........I'm too bust sipping a chardonnay with my estate agent.
......and just to round it out, because i really dislike it when...
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Last
36.5¢ |
Change
-0.020(5.19%) |
Mkt cap ! $62.75M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.5¢ | $56.54K | 153.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16756 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 24697 | 3 |
View Market Depth
| Last trade - 15.42pm 15/11/2024 (20 minute delay) ? |
| CNB (ASX) Chart |