I’m not concerned. The sp will explode then “they” want it to go.
We’ve seen a number of major milestones over the last 4 months. The sp was over 50 cents just before fundraising commenced.
Great Announcements see the price fall back or stagger forward a little.
My view is the current sp values the $1.2 billion (40% self funded) Mardie Project at zip. I hate referring to it but the iron ore price lift has not really been reflected in todays sp either)
Maybe an informed heavy boot is picking up shares until April when major project construction will commence. Until then who is selling? They have no idea what level of future wealth they are giving away.
I’m not concerned. The sp will explode then “they” want it to...
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31.5¢ |
Change
-0.005(1.56%) |
Mkt cap ! $908.9M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 31.0¢ | $93.72K | 299.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 400668 | 31.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 24981 | 3 |
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