It is now clear that NST involvement is due to some personal relationships probably with the BD team who have some latitude in backing juniors. It would suggest that the NST investment is DD light and ultimately immaterial. The most recent scoping study is much better than the first when NST came on board but it is hard to see any significant potential that would trigger a NST bid. The more likely outcome is an accountant driven decision to dump the stock at some time in the future absent a major discovery.
The real situation is this stock started at 20c and as been bled for a long time to the sole advantage of management. Investor are deep underwater.
DYOR
Ann: Northern Star Underwrites PolarX Entitlement Offer, page-62
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.66M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2452162 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2138660 | 11 |
View Market Depth
| Last trade - 10.06am 15/05/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
0.000 ( 8.33 %) |
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| Open | High | Low | Volume | ||
| 1.3¢ | 1.3¢ | 1.3¢ | 70000 | ||
| Last updated 10.29am 15/05/2024 ? | |||||
| PXX (ASX) Chart |
Day chart unavailable