Always possible. All I am saying is the discovery hype stage is mostly complete. They have done some exploration in surrounding areas which to date have disappointed.
Next stage requires a fair amount of capital. Number of shares will by necessity double and potentially closer to triple.
Funding has to come from somewhere.
This is the stage experienced and potentially institutional investors may on board.
There are plenty of risks still involved. They will want their upside.
The maths starts to look a little different with 3 times as many shares on issue.
If you are looking for an exploration multi bagger, that opportunity has been and gone IMO.
Always possible. All I am saying is the discovery hype stage is...
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Last
$1.08 |
Change
0.035(3.35%) |
Mkt cap ! $222.3M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.10 | $1.06 | $848.0K | 786.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 71468 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 93906 | 1 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.09 |
Change
0.035 ( 3.33 %) |
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| Open | High | Low | Volume | ||
| $1.06 | $1.10 | $1.06 | 123143 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| SMI (ASX) Chart |