It looks as though there are 2 schools of thought on this CR.
One says that the timing is because drill results are unfavorable and therefore better to get in and raise a heap of cash before release. From what I can glean, this view is supported by the lengthy delays to the PFS and the fact that drill results are to be released in a pack as opposed to drip fed.
The other says the timing is by design because results are favorable and they didn't want to dampen market reaction when everyone (who looked at the financials at least) would realize cash was needed soon.
Based on what I've seen so far, I'm willing to hold and even increase a bit at these levels hoping that the end result is closer to the 2nd scenario.
It looks as though there are 2 schools of thought on this CR.One...
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Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $90.74M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.4¢ | 3.1¢ | $296.6K | 9.209M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 196671 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 302361 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
3.2¢ |
Change
-0.001 ( 3.03 %) |
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| Open | High | Low | Volume | ||
| 3.3¢ | 3.3¢ | 3.1¢ | 5246474 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| NWC (ASX) Chart |