Like most long term holders I wish I knew why the shareprice is 16c and not 46c.
Logic, ASX announcements, Top 20 stability, Sophisticated Invesors, broker reports, webinars, journalists etc all give credance to a company that has outstanding REE and Bauxite resources/projects.
There was an expectation that the August MRE would stimulate Fund Managers and Institutions to enter the Register. This did not occur. I can only assume that the MRE may not have met expectations by intended investors and some holders. I agree that this is when the shareprice decline commenced.
CR past and future, the offtake agreement and progress on mine/plant development have not induced large buyers to subscribe to the company. Nobody seems to know why at this stage. All we can do as shareholders or potential invesors is wait for a reversal of fortune.
FACTS on why the shareprice has collapsed over the past three months are most welcomed.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-22
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $132.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $54.91K | 473.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49858 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 360646 | 4 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
0.005 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 12.0¢ | 11.5¢ | 515810 | ||
| Last updated 14.47pm 28/05/2024 ? | |||||
| LIN (ASX) Chart |