Sorry @MrWu
I disagree, BOD and MD have a fiduciary responsibilities to the company to be solvent at all times.
They will not risk getting down to less than 1q of cash in bank, in case of a market plunge similar to March 2020, and they have a reduced ability to raise cash!
Of which there is a big chance of happening in the next few days or weeks, IMHO!
Little doubt a CR at present levels would be taken up in a heart beat, considering PM's on the rise and these guys spend it all on exploring, which is a nice in this sector, but rare.
So expect a CR soon, is my guess?
I hope to participate!
Sorry @MrWuI disagree, BOD and MD have a fiduciary...
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $59.72M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $59.31K | 3.684M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1012050 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2688923 | 11 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| DRE (ASX) Chart |