Think of it as a charity to the company so that investors have liquidity to sell and then use that liquidity to get cheaper shares through a CR. Then the cycle of life flows by allowing Popal to increase his salary again. I believe the company’s aim is to get admin and corporate costs above exploration expenditure so that more money goes in pockets rather than in the ground. Plus it’s a charitable way to fund someone’s adventures in Greenland.
So if you’re feeling charitable, it’s a good reason to buy.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $18.00M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $12.09K | 1.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1781857 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 22099 | 1 |
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| Last trade - 15.52pm 05/06/2024 (20 minute delay) ? |
| EPM (ASX) Chart |