The last update of this was in October 2020. Nothing has changed...

The last update of this was in October 2020. Nothing has changed since then.

In the face of such a well documented history of failure over the past 15 years i don't hold a lot of hope that anything is going to change. They must have spent more than $110M of share holders money over that period. With absolutely nothing to show for it. If they had even come up with some small deposits ( economical or otherwise ) in that time then it might be easier to cut them some slack. But the chronic haemorrhaging continues unabated. As i have stated in the past i think the company mantra of looking for elephant sized deposits assists in having a ready excuse for consistently failing.

The last 15 Capital raising's. A very clear trend here..... wealth destruction !

2007 @ $0.105
2010 @ $0.09
2011 @ $0.13
2013 @ $0.075
2014 @ $0.035
2015 @ $0.0725
2016 @ $0.02
2017 @ $0.012
2018 @ $0.01 ( March 2018 )
2018 @ $0.0091 ( November 2018 )
2019 @ $0.0086 ( February 11 )
2019 @ $0.00672 (May 02 )
2019 1 for 12 Consolidation ( July )
2020 @ $0.072 ( September 2020 ) or $0.006 pre consolidation
2021 @ $0.059 ( September 2021 ) or $0.0049 pre consolidation