Exactly. When they chose to release that ANN saying the CI had been scared off, whether they liked it or not, they set up an expectation... having said what they said, they should’ve realised that they had to deliver, and that failure to do so quickly would destroy value.
So here we are 9 months later, no CI to speak of and a cap raising recently completed, the SP tanking and I think the market’s just concluded ‘these guys can’t be trusted’. They have a lot of work to do to alter that perception among actual and potential shareholders.
Ann: Investor Update, page-95
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Last
3.1¢ |
Change
0.006(24.0%) |
Mkt cap ! $100.1M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 3.2¢ | 2.6¢ | $1.074M | 37.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 135246 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 220000 | 3 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
0.006 ( 26.9 %) |
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| Open | High | Low | Volume | ||
| 2.7¢ | 3.3¢ | 2.6¢ | 22839961 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| M4M (ASX) Chart |