My opinion only but I think the dump is result of peoples confidence in BOD, they got what they wanted from the meeting, approval of Tranche 2 placement shares AND renewal of 15% placement shares (Rule 7.1 another 507,000,00 Shares) which could be issued prior to the next AGM when the 15% & 10% under placement rules 7.1 & 7.1A can be renewed again.
Continual dilution, soft on Simulus not meeting their obligations PLUS no progress on Jambreiro after renewed PFS has once again fallen by the wayside.
If there is things happening in the background as everyone likes to allude to then management need to give some hope to the shareholders or we will soon be back under $0.01.
Ann: Quarterly Activities Report, page-30
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Last
36.5¢ |
Change
0.005(1.39%) |
Mkt cap ! $181.1M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 36.5¢ | 34.5¢ | $93.37K | 265.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2791 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 19999 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| CTM (ASX) Chart |