Feels like you are new to this high risk oil and gas game and got lucky the first time buying in at 6c with the stock price running to 30c when the drill hadn't even spudded yet the market finds it incredibly difficult to price what true value of the stock is with no cash flow or not even imminent cash flow.
The things is very few early stage explorers are actually given 100 mil over 3 years to go do exploring so in a sense IVZ has had their chance to prove this discovery and even given a second chance and still no flow test
So in the end they've spent way too much just trying to retrieve a sample. Now its in this stage trying to raise the remaining cash it needs to prove flow. I don't see how this is any of retail's fault and just maybe the rise from 6c to 30c was never warranted in the first place unless they actually proved commerciality with 100 million dollars which so far they haven't
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Last
5.6¢ |
Change
0.002(3.70%) |
Mkt cap ! $79.40M |
Open | High | Low | Value | Volume |
5.6¢ | 5.7¢ | 5.4¢ | $153.5K | 2.775M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49999 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 35000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49999 | 0.056 |
2 | 345287 | 0.055 |
2 | 107592 | 0.054 |
4 | 60956 | 0.053 |
6 | 322387 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 35000 | 1 |
0.059 | 16510 | 2 |
0.060 | 155000 | 2 |
0.062 | 200707 | 4 |
0.063 | 8130 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
5.7¢ |
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Change
0.002 ( 5.17 %) |
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Open | High | Low | Volume | ||
5.4¢ | 5.8¢ | 5.3¢ | 999121 | ||
Last updated 15.36pm 14/06/2024 ? |
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IVZ (ASX) Chart |