Hi Bthreat and all,
“It seems someone pulled the plug! I decided to buy at 0.002 - I just couldn’t resist. Let’s hope they don’t consolidate ....”
I think after the next couple of extremely low priced CR’s the shear number of shares on issue will make a consolidation inevitable.
Don’t forget this company has a historical cash burn rate of around $4M PA and that’s just when they are doing a little exploration and talking about things. If they ever did find anything of value and wished to progress to the next stage they will need to find a lot more shareholder money!
The last CR only raised around twice the amount required for the annual director’s salaries and expenses.
Cheers and very best regards: Andy
Ann: Notice of General Meeting, page-33
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Mkt cap ! $24.44M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $65.20K | 4.165M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 112799 | 1.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1366246 | 2 |
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