Exactly.
I doubt that the current price rise is anything more than being a result of the recent surge in metal prices.
In fact on this day last year the stock closed at $0.24 & closed out the current week last year @ $0.26.
When you factor in all the recent drilling & the current metal prices compared to October 2020 ( substantially higher now ) then it is very easy to see that the price has actually gone backwards. That is also due in no small part to there being a 40% dilution in the registry since March this year alone.
The price is still below that at which the last capital raising was done in March 2021 ( $0.265 )
Of course management would probably say that the company has a higher market cap now. But unless one keeps on pouring more money into this & takes up every issue or buys more on market than it is meaningless
Hardly a bunch of stats that anyone would want to shout from the roof top.
Exactly. I doubt that the current price rise is anything more...
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 84714 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 95099 | 2 |
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| Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
| PEX (ASX) Chart |
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