Yep.
it’s just as likely the board can’t risk letting a cap raise go until the end of the year because cobalt prices look more likely to remain flat through 2020 now. The SP by the point could be tending toward 0.005. Raising at those levels would be the worse of two evils.
Personally I think this is just an insto having a favourable punt at a good price. Nothing more to it than that right now. BB topping up his salary.
To suggest anything on top of that is IMO just conjecture.
Yep. it’s just as likely the board can’t risk letting a cap...
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Mkt cap ! $13.98M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $59.24K | 5.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 437625 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 7999864 | 25 |
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| Last trade - 15.46pm 11/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |